Crypto

Bitcoin stalls again near $78,000; analyst says it is even good

Bitcoin slipped again near $78,000, reinforcing a short-term resistance level as markets watch for a possible reversal at the top of a rising parallel channel held for 75 days. Some analysts say it must hold $74,000 to $76,000 to maintain its structure, with lower supports flagged near $70,000 and $64,000 to $66,000. Short-term indicators show weakening momentum, while institutional buying by Strategy is seen as a key variable.

Crypto

Ethereum leverage falls as derivatives cool and whales accumulate spot

Ethereum futures open interest fell by $2 billion over the past week, signalling a sharp reduction in derivatives-market leverage. Despite holding around $2,300, open interest slipped to $12.4 billion and funding turned negative, with short positions making up 34 percent. Binance and Gate saw the biggest position unwinds. Concerns linked to the Kelp DAO hack added uncertainty. On-chain data also showed whale accumulation and more than 2.7 million ETH waiting for long-term staking.