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Bitcoin is back below $60K, and the market is starting to feel the pressure.
BTC is testing a major support zone, while ETH is also sitting at a level that has held multiple times before. If these levels break, volatility could pick up fast.
DeFi tokens are taking an even bigger hit as risk appetite fades, but HYPE is standing out by moving higher on what looks like real spot buying instead of leverage.
One thing worth watching: rising DOGE open interest isn’t necessarily bullish. Right now, it looks like more traders are opening short positions rather than betting on a rebound.
This is one of those moments where patience matters more than predictions. The next move from these support levels could set the tone for the rest of the market.
#btc