Cryptocurrency analyst Kaz stated via X, "BTC failed to reclaim $76,000, and a decline is imminent. Despite the current price drop, the increasing open interest (OI) suggests a strengthening inflow of short positions. In past downtrends, OI decreased, but this time it's different. Selling pressure is dominant in both perpetual futures and spot markets, with virtually no buying interest. If BTC falls below $75,000 once again, there is a possibility of a sharp drop to $73,000. Statistically, Thursdays tend to have lower returns, and the current market is dominated by a bearish trend."
