Bitcoin Price Prediction: Bulls Regain Control Above $72K as Open Interest Hits $49B

• Bitcoin reclaims $72,000 after bouncing from $60,000 to $65,000 support zone as open interest surges 5.77% to $49.87 billion.
• Spot exchange outflows hit $161.94M on March 5 while derivatives volume jumps 4.83% to $100.05 billion, showing divergence in positioning.
• Supertrend at $61,927 flips bullish as price targets 20-day EMA at $69,203, with macro uncertainty driving Bitcoin’s disproportionate strength.

Bitcoin price today trades near $72,720, up 0.05% after reclaiming the $72,000 level following a bounce from the $60,000 to $65,000 support zone (orange shaded area). The move places buyers in control as derivatives positioning surges despite spot exchange distribution.

Open Interest Surges 5.77% While Spot Outflows Hit $161.94M

Open interest jumped 5.77% to $49.87 billion while volume surged 4.83% to $100.05 b…

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