Bitcoin has rebounded from the $89,200 support level, reaching $90,500, which aligns with its 50-day moving average. Despite this recovery, the cryptocurrency struggles to break the $95,000 resistance, with ETF outflows contributing to market volatility. Market leverage is on the rise, as indicated by the total open interest in BTC futures and options climbing to nearly 700,000 BTC, a three-week high. This marks an increase of approximately 75,000 BTC since the start of the year. The perpetual futures funding rate remains positive at 0.09%, suggesting that long positions are paying fees to short positions, potentially increasing the risk of long liquidations as traders leverage to buy the dip.