BTC $80,960 still above $80k,

Indicating the key psychological level hasn't been lost,
But leverage is already very heavy.
21Shares will launch the Hyperliquid ETF tomorrow,
A 30bps fee rate isn't considered harsh,
Meaning $HYPE is starting to be packaged by traditional funds.
The Clarity Act heats up due to compromises on stablecoins,
Coinbase also steps up to support the scene,
Regulatory lines are once again fueling the $USDC narrative.
Coinbase's Q1 loss is nearly $400 million,
Indicating that days relying solely on spot trading are tough.
Fear of greed at 42,
Sentiment leans cautious but hasn't collapsed.
Open interest in BTC is $8.57 billion,
Indicating there’s still plenty of ammunition in the market.
Bullish sentiment at 41%,
Indicating it’s not crowded on the surface.
Active buy-sell ratio is 1.27,
Indicating buy orders are more aggressive.
Can this continue?
It depends on whether the $80k resistance can hold with turnover,
And whether ETH and BNB’s positive fee rates
Will bring up chasing emotions.