Bitcoin may be entering a familiar but often misunderstood stage of the market cycle. Even as price action shows resilience, derivatives positioning tells a different story, with funding rates remaining bearish and suggesting many traders are still positioned defensively or betting against sustained upside.
Ripple's XRP hovered around the $1.44 level on Thursday, struggling to establish a clear direction as traders weighed a modest short-term recovery against a notably weak 90-day performance. The price action underscores a market caught between fading downside momentum and a lack of conviction strong enough to confirm a broader trend reversal.