Bitcoin moved lower over the last 24h, sliding from opening at $70,756.86 to a close of $64,895.05, with a 24h range of $71,978.58 to $62,345.00. Funding rates ticked up while the premium index fell, and both open interest and volume declined, signaling cautious sentiment and reduced liquidity ahead.

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