“Leverage-driven rebound, not a reversal of sentiment.”

Based on the data, this BTC rebound is accompanied by a synchronized increase in open interest, indicating that the price rise is mainly driven by leverage in the futures market rather than pure spot buying.

Short-term risk: The options market shows that investors assign only a 25% probability to Bitcoin breaking $84,000 in May, and put options still trade at a premium, indicating that large investors are hedging downside risk.

Key observation point: Watch the U.S. inflation data (CPI) on 5 May 12. The market is currently extremely sensitive to macroeconomic factors; if inflation comes in above expectations, it may wipe out this week’s gains.

Technical level: $78,000 is an important psychological level. If it can hold steady, the next resistance level will move up to $81,500.
#BTC