Bitcoin rose to about $78.7k, carving a 24h range of roughly 76.6k–79.36k, with open interest and volume easing as funding rates moved higher and the premium index turned more negative. These signals point to cautious, spot-driven upside in the near term, with risk of a pullback if liquidity continues to fade.

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