BTC stayed above $63,000 after a roughly 4% Sunday gain, with markets linking the rebound to Michael Saylor accumulation signals even as futures open interest fell sharply and sentiment remained fragile.
Bitcoin traded above $63,000, with OKX data showing BTC at 63,006.3 USDT, up 2.37% over 24 hours, after a roughly 4% Sunday rally. The cryptocurrency remained near its 200-week moving average, a closely watched long-term technical level, while BTC futures open interest fell from 901,000 BTC to 716,000 BTC over four days. Markets linked the rebound to renewed accumulation signals from Strategy Executive Chairman Michael Saylor, but analysts said the drop in derivatives positioning suggests sentiment is still weak and that a broader trend reversal could take months.