$BITCOIN bounced back over 2% after dipping to around $86,000 on Sunday, but the recovery lost steam near the $88,250 level. Despite the short-term rebound, the overall market structure still reflects a downtrend, with prices forming lower highs and lower lows.
In derivatives markets, futures open interest has leveled off and funding rates remain largely neutral. However, options activity and volatility indicators point to strong demand for near-term downside protection.
Meanwhile, ether and XRP posted modest gains, while privacy-focused and metaverse-related tokens led the market. In low-liquidity conditions, the CoinDesk 80 index outperformed bitcoin-heavy benchmarks.#BitcoinForecast $BTC
BTC
89,280.63
+1.25%