Bitcoin futures reset as buyers step in near $59K

Bitcoin rallied toward $64,000 on Monday, but futures activity lagged, suggesting the rebound may struggle to sustain itself. Nearly $162 million in buy orders sits between $57,000 and $59,000, forming one of the largest visible liquidity clusters below the current price and potentially shaping BTC's next move.

Open interest in futures fell to 255,000 BTC from 282,000 BTC during the selloff and remains well below last week's peak. The funding rate turned slightly positive at 0.0013 after briefly dipping below zero, indicating traders are leaning long while overall leverage stays muted compared with levels before the decline.

Aggregated spot cumulative volume delta improved by 11,000 BTC since last Friday, pointing to a slowdown in aggressive selling. Crypto trader Max Trades observed that open interest cooled during the bounce and funding flipped positive, a shift driven in part by shorts being closed rather than fresh longs.

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