Bitcoin traded within a tight range over the last 24h, closing at 67,926.24 after reaching a 24h high of 68,722.64 and a low of 66,500.00. Open interest slipped while volume rose, signaling churn in positions even as activity persisted. Premium index stayed negative and funding rates edged lower, pointing to spot-driven dynamics but with ongoing uncertainty.

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