I've been noticing for a few days that Bitcoin remains in a tricky zone. It's hovering around $81,000, but it seems to be struggling to break upward. Some analysts talked about a move toward $80,000, but for now, the market is more consolidating after what happened a few days ago.

The interesting thing is that global stocks reacted well to news about negotiations between Iran and the United States. That caused the dollar to drop a bit, although it has been accumulating gains since January. For us crypto traders, this is relevant because Bitcoin typically rises when the dollar weakens.

Regarding derivatives, I see that open interest in Bitcoin futures is quite active, with high figures we haven't seen in weeks. The perpetual funding rates for Bitcoin and Ethereum remain slightly positive, suggesting a bullish bias among those using perpetual funds for their positions. However, for XRP and Solana, the rates are a bit negative, so market sentiment isn't uniform across the board.

As for altcoins, MANTRA had an interesting move after its migration and rebranding. The main indices (CoinDesk 5 and 10) rose about 3%, but DeFi and computing tokens barely moved. Monero seems to be challenging the downward trend of privacy tokens, with gains over the past week.

What I notice is that if Bitcoin manages to consolidate above these levels, we would probably see more money flowing into more speculative bets on altcoins. But for now, the market remains cautious and waiting for the next big move.