Market pulse

Crypto markets are broadly lower, with losses spread across most tracked assets rather than concentrated in a few large tokens. Seven of 100 assets advanced, while 84 declined; the median 24-hour loss was about 3%. INIT and BLUR were notable gainers, but AXIS and Q were among the steepest fallers.

Bitcoin was near $79,860, down about 1.8% over 24 hours and trading below its 20-day and 50-day averages. A 14-day RSI near 38 points to weak momentum, though not an extreme reading. Binance futures open interest was little changed over the day, suggesting limited change in aggregate exposure. Funding remained slightly positive, while the taker buy/sell ratio below one showed more aggressive selling than buying. Long positions still outweighed shorts in the reported account ratios, a contrast that leaves positioning vulnerable if weakness persists.

US GDP and personal income and outlays data, including inflation measures, are due later today, followed by an ECB rate decision. These events could add volatility, but their market impact is uncertain. For crypto, the key near-term signal is whether broad declines continue or market participation improves; a rebound in a few tokens alone would not show that selling pressure has eased.