Cryptocurrency analyst Kaz stated via X that "BTC failed to reclaim $76,000, and a decline is imminent. The current trend of increasing Open Interest (OI) despite price drops suggests a strengthening inflow of short positions. In past downturns, OI decreased, but this time it's a different scenario. Sell pressure dominates in both perpetual futures and spot markets, with virtually no buying pressure. If BTC falls below $75,000 once again, there's 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."
