Episode Details

Bitcoin hovers around $77,000, stuck in a tight range since April 19th, as traders maintain a short bias and negative funding rates indicate caution. Derivatives data shows steady open interest and a flat basis, with funding rates mostly negative. The broader market is mixed, with U.S. equity futures unchanged, precious metals dipping, and alts fluctuating. Options markets show some bullish lean, but liquidations hit $149 million, mostly shorts getting squeezed. Traders are playing it safe amid macro uncertainty, with eyes on the $75,400 level for any downside breaks.

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