Bitcoin price drifted slightly lower in the last 24h, closing at 73,617.01 (from 73,660.61) with a high of 74,811.45 and a low of 73,390.13. Funding rates and the premium index rose while open interest increased and volume declined; Meme Season remains the best performing sector versus Bitcoin over the last 30 days.

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