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Bitcoin peaks at $88,000 but shows bearish signs, fluctuating around $83,000.
Bitcoin recently peaked at $88,000 but has since fluctuated around $83,000, showing signs of bearish sentiment despite positive price movements.
Ethereum has recovered above $2,000.
Despite lower volatility, BTC and ETH perpetual contracts show negative funding rates, indicating short sellers are paying long positions.
The demand for put options remains high, signaling ongoing hedging behavior.
Bitcoin's future is uncertain, with experts predicting potential drops below $80,000 if support levels are not maintained.
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