Svmuu News: After testing the $89,200 support level, the BTC price rebounded to $90,500; this support level aligns with the 50-day moving average. Jake Ostrovski, Head of OTC Trading at Wintermute, noted that the market’s failure to break through the key $95,000 level has led to two-way trading, with the past two trading days dominated primarily by ETF outflows. Additionally, derivatives positions indicate that market leverage is increasing. The total open interest in BTC futures and options has climbed to nearly 700,000 BTC, hitting a three-week high and increasing by approximately 75,000 BTC since the start of the year. Meanwhile, perpetual futures funding rates have remained positive at around 0.09%, indicating that long positions are paying fees to short positions to maintain their exposure. Traders may be using leverage to buy on dips, which increases the risk of long liquidations. (CoinDesk)