🚨 Bitcoin holds near $96K as Asian stocks turn mixed after Wall Street slides
📈 I’m seeing Bitcoin edge up around $96,000 as traders track a broader macro risk mood, with markets staying cautious after another soft session on Wall Street.
🌏 Asian markets opened mixed, with Japan’s Nikkei down about 1%, while South Korea and Australia managed small gains, showing there’s no clear risk direction right now.
📉 The pressure mainly came from the US, where the Nasdaq 100 dropped 1.1%, and the S&P 500 fell 0.5%, mostly driven by weakness in big tech names.
📊 The market snapshot in the article shows BTC around $96,177 (+0.8%), ETH near $3,310, and total crypto market cap around $3.34T, even though it was slightly down on the day.
💥 Another big theme is the “crypto reset” that’s happening after heavy liquidations, with analysts watching deleveraging as open interest drops sharply from peak levels.
🧠 The article notes Bitcoin open interest is down more than 31% from its 2025 peak and is now stabilizing around $10B, which is basically what a market cooling off looks like after traders got overleveraged.
🔥 The interesting part is that spot activity is still strong, since spot volumes were close to $60B, meaning people are still trading actively even as leverage flushes out.
✅ My takeaway is this: BTC holding $96K while leverage resets is actually healthy, but short-term direction will still depend on macro, tech stocks, and whether risk sentiment stays stable or breaks down again.