Bitcoin experienced a significant decline yesterday evening, dropping to $91,000. This decrease has triggered further volatility within the cryptocurrency market as open interest on BTC futures on Binance surged by over $1 billion. 📈 This trend is attributed to increased short positions and a growing expectation of sustained selling pressure. 📉 Market analyst Omkar Omkar Godbole noted that the simultaneous increase in Bitcoin futures open interest coupled with price drops signals a bearish reversal, suggesting traders are opening new short positions anticipating a prolonged sell-off. This bearish movement is further reinforced by the deepening negative Cumulative Volume Delta (CVD) on the exchange, highlighting an overwhelming selling pressure compared to buying activity. 📉 The decline has also been marked by a bearish marubozu candlestick pattern on Bitcoin’s chart, which could further encourage sellers and potentially lead to more downtrend.