Bitcoin’s swift rally to $114,000 shows bulls are back, but a CME gap near an underlying support could see a retest of $111,000 before Uptober really starts. A reset in BTC’s open interest points to healthier upside after long de-leveraging. Bitcoin (BTC) price rallied 4.5% in less than 48 hours, retesting $114,000 on Monday. The recovery followed last week’s sharp correction between Monday and Saturday, where data indicated the pullback was less about aggressive shorting and more about longs de-leveraging to set up a cleaner base for future upside.