Market pulse

Crypto markets were broadly lower, with losses extending well beyond Bitcoin. Only 15 of 100 tracked assets advanced, while 76 fell; the median 24-hour decline was about 3.3%. The breadth points to widespread selling rather than a downturn confined to a few large tokens. BIRB and IRYS were notable gainers, but their sharp rises offered little offset to the broader weakness.

Bitcoin traded near $80,750, down about 0.5% over 24 hours and modestly weaker over the week. Its decline was milder than the market-wide median, though the price remained below its short-term moving averages. Open interest fell about 2.8% in 24 hours, suggesting positions were being reduced as prices softened. Funding remained slightly positive, while taker flow leaned toward sellers. Together, those signals show some long-side exposure remains, but they do not point to a decisive shift in positioning.

The contrast between Bitcoin’s relatively contained loss and the steep drop in broader market breadth is central: continued weakness across altcoins would signal that risk appetite remains fragile even if BTC holds near current levels. Major tracked assets were below their 50-day averages, reinforcing the cautious technical picture. Inflation data from Australia and rate decisions in Canada and the United States are due next week and could act as catalysts for wider market moves; their direction and effect on crypto remain uncertain.