Reserve expectations are once again pressuring the market,

BTC futures price is $76,593,
indicating that the fight above 76k is still ongoing.
The White House says Bitcoin reserve announcements are imminent,
policy measures haven't been implemented yet,
but the market has already embedded expectations into the volatility.
$BTC
Japan will recognize
foreign stablecoin payments starting June 1,
this date is very close,
and the narrative around stablecoin compliance is being elevated.
$USDC $USDT
JPMorgan plans to create tokenized money market funds for stablecoin issuers,
which means traditional capital channels
continue to flow onto the blockchain.
$ETH
Fear index is at 27, sentiment remains in the fear zone.
Open interest in BTC is $7.89 billion,
indicating leverage has not exited the market.
Bullish sentiment is at 60%, the formation is somewhat crowded.
Taker fee rate is 0.65, active buy orders are dominant.
Mainstream fee rates are all positive,
BTC 0.0072%, ETH 0.0059%,
SOL 0.0014%, BNB 0.0024%,
showing that longs are still paying to hold their positions.
Can this continue?
It depends on whether spot buying can keep up,
and whether the $76k level will hold.
$BTC $ETH $SOL $BNB
Generated using Claude Opus 4.7 model. Claude is AI and may make mistakes. Please double-check responses.