Bitcoin experienced a decline over the weekend, falling below the $113,000 mark and reaching a seven-day low. The cryptocurrency's price dropped from a recent high of $115,800 to around $111,987, with bearish momentum prevailing in the short term. Key support levels near $112,000 remain critical, as traders observe whether these levels will hold or be tested further in the coming days. Despite the price dip, options traders have maintained a bullish stance, with call options dominating open interest. However, the market faced substantial liquidations, with approximately $577 million in liquidations impacting long positions and long traders incurring losses of around $514 million. The mixed signals from derivatives markets contribute to uncertainty about Bitcoin's immediate direction, although the $112,000 level continues to serve as a significant technical and on-chain support point.