Market pulse

Crypto breadth is positive, but the advance looks uneven. Fifty-nine of 100 tracked assets rose over 24 hours, and the median gain was a modest 0.67%. EVAA led with a 53% jump, while AXIS fell 33%, underscoring sharp differences beneath the broadly firmer tone.

Bitcoin traded near $81,150, up 0.3% on the day but down 3.5% over the week. It remained below its 20- and 50-day averages, while seven of nine major assets were above their 200-day averages but none cleared their 50-day averages. Futures positioning leans long: the global long/short ratio was about 2, and funding was positive. However, open interest slipped slightly over 24 hours and taker buying and selling were nearly balanced, offering little confirmation of a stronger move.

The Federal Reserve issued an FOMC statement on Wednesday, according to the Fed. US GDP and PCE data, followed by the ECB rate decision, are due Thursday and may shape broader market sentiment. These events are potential catalysts, not a guarantee of direction. For Bitcoin, a sustained move back above its short-term averages would contrast with the current subdued momentum; continued mixed breadth would leave the market vulnerable to abrupt swings in individual tokens.