I noticed that Bitcoin is holding around $73.7k after Tuesday's correction. The RSI still indicates overbought conditions, so we're waiting for a possible pullback to $72K — this will be an interesting level to enter long positions. If BTC bounces from there, it could establish a new support level for moving above $80K.

It's interesting to watch derivatives. The open futures position for BTC has increased to a three-week high — 685,200 BTC, and combined with positive CVD signals, this indicates bullish sentiment among long-term traders. Ether is similarly positioned, but things are more complicated with SOL — positions are growing, but funding is negative, so the signal is mixed. On the options market, traders are clearly more cautious about Bitcoin than about Ether.

Altcoins have experienced a sharper correction than the main coins. Meme coins fell the most — TRUMP lost over 6% after traders took profits. PEPE also corrected by 2.79% over the day following a weekend rally. Interestingly, the altcoin season index still remains at 49/100 — the highest level of the year. This suggests risk appetite is still present, although meme coins with frogs and other themes are clearly losing out in this round.

Ether is attracting institutional attention — one company has accumulated nearly 5% of all ETH in recent months, betting on long-term growth. This shows that big players still believe in this cycle.