[Bitcoin Has Been in Range-Bound Consolidation for Two Consecutive Months, Historical Patterns Suggest Market May Repeat Downtrend] Odaily Planet Daily News: Bitcoin has been in range-bound fluctuations for two consecutive months, with price highs concentrated in the $72,000 to $75,000 range and lows in the $62,000 to $65,000 range. Similar situations occurred from last November to this January, ultimately leading to an overall market downtrend. Therefore, the current market does not rule out the possibility of repeating this scenario. In terms of derivatives data, the market as a whole remains in a consolidation phase. Bitcoin open interest (OI) is stable at approximately $16.7 billion, with little change compared to last week, indicating that speculative activity remains steady. Funding rates have returned to the neutral range of 0%-6%, with the previous negative funding rate environment driving a short-covering rebound. Sentiment in the options market is stabilizing, with the proportion of call options rising to 47%. However, the term structure of implied volatility shows front-end inversion, indicating that traders are still prioritizing hedging against short-term downside risks. (CoinDesk)