BTC is stabilizing after fluctuations, altcoins remain sluggish, and market sentiment is cooling down.
Bitcoin has stabilized at $94,000 this week, and although there was a momentary rebound, the market generally believes this is a short-term correction rather than a trend reversal. Today, the Fear and Greed Index fell to 52, shifting sentiment to neutral; the funding rates on major trading platforms turned negative, indicating rising bearish sentiment in the market.
Ethereum continues to follow the overall market fluctuations, consolidating around $1,800, with no independent market movements observed. Overall, altcoins are showing weak performance, and the long-awaited "altcoin season" has yet to arrive.
Next week, tokens such as ENA, SPEC, and MOVE will face significant unlocks, with ENA unlocking a market value of $50 million in a single day, which may exert pressure on prices. Meanwhile, SXT is launching a community reward mechanism, allocating 28% of tokens to reward users and ecosystem participants, enhancing long-term value expectations.
Overall, the market sentiment is becoming cautious, and attention should still be paid to macro policies and capital trends in the short term.
