Bitcoin slipped slightly over the last 24h, opening at 74,089 and closing at 73,728, with a 24h high of 74,179 and a low of 73,697. Open interest and trading volume rose as funding rates increased and the premium index stayed negative, signaling growing long exposure but spot-backed demand; Meme Season remains the top sector, hinting at potential near-term upside if BTC stabilizes.

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