Horizontal Trend in Crypto Market: Limited Recovery for Bitcoin and Ethereum

While Bitcoin and Ethereum gained approximately 0.9%, a weak outlook continued to be observed on the altcoin front.
According to current data, Bitcoin is trading near $66,000, while Ethereum is hovering around the $1,950 level.
This stagnation has sparked debate among investors about whether the current situation represents a bottom formation or a period of silence before a new decline.
Derivatives Markets and Technical Indicators Open interest in derivatives markets has stabilized at the $15.38 billion level.
Although positive funding rates are considered a signal of partial stability in the market, high implied volatility in short-term options proves that the cautious wait-and-see approach continues.
Current data reveals that uncertainty in the market persists and investors are waiting for a new direction.
Technical indicators suggest that the market may test critical support and resistance levels to find direction in the short term.