Bitcoin rose modestly from 88,102.78 to 88,257.21 in the last 24h, with a high near 88,344.78 and a low near 85,320.43. Open interest and funding rates increased, volume declined, and the premium index stayed negative, signaling cautious optimism with potential for volatility ahead.

Based on what is currently happening in the market, the sentiment for cryptocurencies is bearish.