Bitcoin is experiencing its longest losing streak since mid-2024, with a current drop of over 24% this quarter. While some metrics hint at a potential recovery, traders are cautious about entering a bull trap, especially with ongoing market pressures and uncertainty around Federal Reserve policies.

Bitcoin is currently trading around $87,600 after a weekend low of $85,550, showing signs of reduced selling pressure. Analysts note a shift from aggressive selling to a more measured approach, with increased call options indicating growing optimism among investors. The upcoming Federal Reserve interest rate decision could significantly influence Bitcoin's future movements.

Bitcoin is currently trading above $111,000, experiencing minor gains while ether and the broader CoinDesk indexes perform better. With significant options expiration on the horizon, market sentiment indicates a potential push towards the $116,000 "max pain" level. Meanwhile, derivatives data shows mixed sentiment with traders hedging against potential price declines.