Today's cryptocurrency market: Bitcoin rebounds to $89,900, but risk appetite is weak, altcoins are under pressure! Bitcoin has risen from a low of $88,000 on Sunday to $89,900, still far from the high of $94,300 after the Federal Reserve's rate cut. The 24h change is minor, and market sentiment has retreated to the 'extreme fear' zone. The CD20 index has slightly increased by 0.16%, while the CD80 index has decreased by 0.77%, with more than half of the top 100 tokens declining, highlighting the weakness of altcoins. Ethereum and Tron have risen by less than 2%, while AERO, TAO, ZEC, and others have dropped over 4.5%. Liquid staking tokens LDO and ETHFI have risen by about 2%. Derivatives: DOGE futures open interest has reached a new high since November 20, with the funding rate positively indicating bullish sentiment; XRP open interest increased by 3%, and the funding rate is near zero, if it breaks $2 it could turn negative; XLM, MNT, HBAR funding rates are negative, and shorts dominate. Bitcoin's dominance has risen to 58.4% (September 56.8%), and the altcoin seasonal indicator is only 19/100, indicating investors prefer large-cap safe assets. Short-term weakness, risk appetite has not risen. What do you think?
