cryptoconservative
Crypto Market Holds Ground as Bears Keep Tighter Grip
USA, New YorkThursday, June 25, 2026
- Bitcoin: Stuck just above $62,500.
- Futures volume steady at ~730 000 BTC → pause, not a rally.
- Ether: Hovering near $1,665.
- Futures open interest jumped to 14.3 million units; price dropped from $1,780 to $1,650 → sellers in play.
- Volatility:
- Bitcoin VIX fell from ~48 % to 43%.
- Ether VIX mirrored this trend.
- Deribit Skew: Puts vs. calls widened sharply → many buying downside protection.
Token‑Level Highlights
| Token | Action |
|---|---|
| SOL | Futures trading hit record high, but funding rates & order flow indicate bearish bets. |
| Jupiter | Modest gains. |
| Monero | Modest gains. |
| Ethena & Stellar | Fell sharply, reflecting broader risk‑asset weakness. |
Market Forces
- US Dollar: Strengthening → makes cash more attractive, hurting crypto.
- Short Bias: Traders leaning into short positions, especially in popular tokens like SOL and ETH.
- Open Interest: Slight growth overall despite a ~25 % drop in trading volume.
Outlook
- If Bitcoin slips below $60,000, it could slide into a range unseen since late 2024, with $52,000 as a key downside level.
- The market’s lack of a clear bounce after a brief US equity recovery remains the biggest concern for investors.
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