Bitcoin price stalls near $82,000 as Open Interest drops and funding turns negative, signaling cautious market.

Bitcoin's price remained steady near $82,000 with minimal change, while Open Interest in derivatives fell by $2.255 billion (7.75%) from May 5 to May 11, indicating reduced trader activity. The funding rate turned negative, showing a strong short bias, but spot volume did not increase significantly, suggesting no strong buying pressure. For Bitcoin to break out bullishly, Open Interest must rise, funding stay negative, spot volume increase, and price surpass $82,300. Currently, the market is range-bound with low volatility and no clear direction until these conditions align.