Bitcoin ($BTC ):

Currently trading around $85,181, with a modest 0.72% daily increase. Price action remains range-bound as traders watch the critical $87K resistance.

Ethereum ($ETH ):

ETH is holding at $1,595, up 0.41% today. After recent pullbacks, it appears to be stabilizing in the mid-$1,500 range.

Market Sentiment:

We’re in a phase of “bearish boredom” — low volatility, low hype. But under the surface, whales are quietly accumulating. Notably, Abraxas Capital recently bought over $250M worth of BTC from Binance.

Technical Outlook:

A breakout above $87K could signal the start of another leg upward for BTC. RSI is hovering around 52, indicating a neutral stance.

Macro Factors:

Arizona is close to approving a bill to establish a state Bitcoin reserve, which could boost institutional adoption and long-term sentiment.