QCP analysis points out that Bitcoin once dipped to around $72,900, hitting a post-election low, before rebounding and currently testing the critical $75,000 level. During the drop, futures open interest contracted, funding rates turned negative, and deleveraging was evident. On the options side, near-term implied volatility remains high, the term structure is slightly inverted, and the downside skew steepened, indicating the market continues to price in short-term downside risks. $75,000 is a key threshold—stabilizing above it could provide conditions for phased accumulation, while breaking below it might shift the market towards a defensive stance. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56174