Bitcoin (BTC) rebounded after U.S. diplomatic ceasefire talks between the United States and Iran boosted risk sentiment across crypto markets.
Market Overview
The total cryptocurrency market capitalization rose by approximately $39 billion, marking a 1.37 % increase and stabilising near $2.19 trillion. Bitcoin reclaimed the $64,000 threshold, while Ethereum (ETH) traded close to $1,723, indicating a modest recovery for the leading blockchain assets.
Derivatives Activity
Open interest on crypto derivatives climbed to about $108 billion in the last 24 hours, suggesting that investors are positioning for potential upside. Funding rates hovered near neutral to slightly positive, meaning long positions paid only a small premium to maintain exposure.
Risk Sentiment
Liquidations contracted to roughly $146 million after earlier volatility forced weaker positions to close, hinting at a gradual return of risk appetite among investors. Despite the rebound, daily trading volume remained subdued between $52 billion and $55 billion, and the long/short ratio stayed balanced at 50.35 % longs versus 49.65 % shorts, reflecting cautious optimism in the crypto market.