Over the last 24h, Bitcoin fell from $71,248.39 to $70,008.64, trading in a $69,806–$71,504 range. Funding rates and the premium index moved higher as open interest rose and volume cooled. DeFi Season leads BTC performance over the past 30 days, signaling cautious sentiment with a potential near-term bounce.

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