Bitcoin is trading at $81,615 after pulling back from the $84,000 area but remains above its 50-day moving average near $80,800. Open interest in futures has risen above $140 billion from around $110 billion in mid-August, while trading volumes remain steady. Price action stays above the rising 100-day and 200-day moving averages, located near $77,500 and $76,200 respectively. A close above the yearly high of $87,500 would open the path to $90,000, while a drop below $80,000 amid elevated leverage could trigger liquidations and pull the price toward $77,500.
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