Particle.news

Download on the App Store

Bitcoin Holds Near $112K as Derivatives Risk Stays High, Dogecoin Eyes Breakout and Cardano Pursues Deals

Elevated open‑interest pressure leaves bitcoin vulnerable despite this week’s rebound.

Overview

  • Bitcoin is stabilizing around $111,000–$113,000, with analysts flagging key resistance at $112,500–$113,650 that would confirm a bullish break if cleared.
  • Derivative stress remains elevated as the Open Interest Pressure Score sits near 30%, a level tied to pullback risk and potential retests toward $105,000–$101,000 and even $100,000 if selling returns.
  • On‑chain and exchange flow data point to accumulation and a reclaim of the EMA‑100 near $111,000, though technicians still warn that losing $112,000–$110,000 could reopen lower demand zones.
  • Dogecoin continues a two‑month triangle near $0.20–$0.22, with rising volumes and betting‑market chatter about a possible DOGE ETF; a daily close above $0.22–$0.23 would target roughly $0.25–$0.30, while failure risks $0.205–$0.197 or lower.
  • Cardano’s Charles Hoskinson said IOG is in active discussions on integrations with USD1 (WLFI), Chainlink and Aave, and analysts note ADA needs a break above $0.88 to validate upside targets around $1.05–$1.20.