📉📈 Bitcoin has struggled to break above the $31,000 mark this week, facing resistance from futures traders. On two occasions, Bitcoin reached highs around $31,000 but quickly retreated. The increase in open interest in stablecoin-margined futures contracts suggests a rise in bearish short positions. The release of the U.S. consumer price index report further impacted Bitcoin's movement. Despite the attempts, Bitcoin has been unable to sustain a breakout above $31,000. #Bitcoin #FuturesTrading #MarketUpdate