$BTC has held the $90,000 region for 18 consecutive days, marking a critical consolidation phase as Realized Cap Impulse enter a historical support zone.
🔹 This onchain zone typically catalyzes rebound. However, a failure here exposes the Active Investor Mean $88K and True Market Mean $81.4K. A sustained break below could signal a bear market start targeting $56.4K.
🔸 Open Interest has dropped roughly 15%. Historically, Open Interest declines of 15-20% have repeatedly marked local bottoms over the past three years.
🔹 Market positioning remains cautiously bullish. Funding Rates are positive (>0.0044%) and the Long/Short Ratio is at 1.02.
🔸 Price is tightly squeezed between liquidity clusters at $88K support and $92K resistance.
Will the 15% Open Interest reset provide the fuel for a breakout, or is the Realized Cap support about to crack?
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