K33 Research Director Vetle Lunde pointed out in the latest report that the open interest for perpetual contracts increased by 36,000 BTC over the past week, marking the largest weekly increase since April 2023. At the same time, funding rates have risen, indicating a market shift towards risky 'catching the falling knife' behavior rather than defensive positioning. CME futures premiums are at their lowest point of the year, showing a clear divergence from the highly leveraged retail structure. K33 estimates the potential bottom to be around $84,000–$86,000, with extreme scenarios possibly testing the April low and the Strategy cost range of $74,433. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52142