Nonetheless, Bitcoin price has suffered a significant decline in its Open Interest (OI), thus fueling the bearish sentiment. According to market data from CoinGlass, BTC’s OI has dropped from above $90 billion in October 2025 to hover about $45.7 billion at press time.
Two Main Reasons Why Bitcoin Price May Retest $85k
Renewed interest from whales
According to onchain data analysis, Bitcoin whales with an account balance of above 1000 BTC have been accumulating year-to-date. Moreover, Bitcoin addresses with an account balance of 1000 have surged by 50 in the past few weeks.
Source: X
With onchain data showing the retail traders still reluctant to buy BTCs at current levels, amid extreme fear of further capitulation, the odds of a Bitcoin price rebound remain palpable.
BTC Price Aims to Fill Unfilled CME Gap
The main reason why Bitcoin price may rebound to $85k is due to its unfilled gap above $79k and below $85k. Historically, any gap in the Bitcoin CME Futures formed has been filled.
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