With Bitcoin’s open interest reaching its lowest in two months, there appears to be limited potential for the currency’s price to drop further. The lack of bearish appetite, after significant liquidations amounting to 470 million USD, highlights this trend.

The futures premium, now at 15%, remains strong, reflecting bullish sentiment even amidst price struggles. Statements from US Treasury Secretary Janet Yellen regarding fiscal policies may have contributed to a more optimistic view among Bitcoin investors.