Bitcoin's price hovered between $97316.78 and $98472.57 over the last 24 hours, closing near the upper end at $98109.9. A decrease in funding rates and premium index suggests a bullish trend backed by real demand rather than speculation. The increased open interest implies market pressure building up, which could lead to significant price movements. However, a decrease in trading volume might indicate potential caution among traders. The overall market mood seems cautiously optimistic.

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