Bitcoin drop to $118K likely, but futures reset means dip won’t last long

Bitcoin’s drop to $118,000 is a possibility, but traders might see futures’ open interest drop by $4.1 billion as a potential dip-buying opportunity.

Key takeaways:

BTC price may drop to the $118,000-$120,000 range before resuming its uptrend, analysts say.

Bitcoin futures open interest fell by $4.1 billion from its peak, potentially indicating a “healthy” reset.

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