Bitcoin continued to soften in the last 24h, closing at $77,267.38 from $77,924.63 with a 24h high of $78,200 and a low of $76,719.47. Funding rates and premium index cooled, open interest rebounded lower while volume rose modestly; the Privacy Season sector remains the top performer versus Bitcoin over the past 30 days.

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