Bitcoin Rebounds to $90,000 as Open Interest Drops to $28 Billion

Bitcoin recovered to $90,000 after falling to its lowest level since April on November 20. Open Interest contracted from $45 billion to $28 billion as leveraged positions were cleared. U.S. Spot Bitcoin ETFs recorded $151 million in net inflows starting November 21, following a $3.09 billion outflow period, according to CoinGlass data.