Retail-Investor Friendly News Brief
Bitcoin Breaks $110K Again, But Traders Still Playing It Safe
Bitcoin is back above $110,000, but traders aren’t throwing caution to the wind just yet.
BTC ticked up less than 1% in the last 24 hours, riding the wave of a broader altcoin surge. The CoinDesk 20 Index climbed 3.3%, with ETH, SOL, and LINK leading the way. The biggest buzz came from DeFi: UNI rocketed 24% and AAVE gained 13%, sparked by pro-DeFi comments from SEC Chair Paul Atkins.
Crypto stocks were mostly flat — except for Semler Scientific, which dropped 10%, now trading below the value of its BTC holdings.
Still, despite the green candles, on-chain data shows traders remain skeptical. Funding rates for BTC remain low or negative, and leverage is subdued.
“Bitcoin usually doesn’t top when sentiment is this cautious,” said Vetle Lunde from K33 Research.
Others are still on the fence. Kirill Kretov at CoinPanel thinks we’re in a cycle of rallies followed by sharp drops. He’s watching support at $105K and $100K in case the trend reverses.
So, while BTC holds its ground, the real action — and optimism — is in the altcoin space.
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