GateUser-8f0792b6

#ETHBackAbove1900
While spot prices compress around $64,000–$65,000, underlying network metrics present a contrasting narrative. Bitcoin’s supply in profit is creeping toward 60%, a zone that historically triggered false breakouts and heavy profit-taking during summer range bounds.
In the derivatives market, open interest remains elevated with over $5 billion in options concentrated around the $70,000 strike. However, perpetual swap funding rates have flattened significantly, signaling that leverage buyers are stepping back until a definitive breakout occurs.
Meanwhile, altcoin liquidity is n