🏛️ Bitcoin (BTC) is once again testing the $110,000 level, hovering just under its all-time record .Altcoins like UNI and AAVE are experiencing significant upward momentum, largely thanks to optimistic statements from the SEC Chair regarding DeFi.
🤔 Trader Sentiment
* Funding rates across crypto markets remain negative, suggesting a cautious stance among investors despite the rally.
* Many analysts remain skeptical of a sustained breakout, pointing to persistent volatility and the risk of sudden pullbacks.
🔍 Interpretation
Bitcoin’s move toward $110k shows bullish intent, but mixed market signals—like negative funding rates and strong volatility—have traders on edge. Altcoins are benefiting, especially those tied to DeFi, yet overall conviction for a long-term uptrend remains tentative.
🧠 Cryptocurrency investments carry risks. Therefore, this is not financial advice (No BSH recommendation). Hence please do your own research (DYOR) before making investment decisions.
