The latest on-chain and market-flow data shows a divergence in the ongoing tug-of-war between bulls and bears. BTC and ETH funding rates stand at 0.0013% and 0.0015%, respectively, both remaining positive and giving bulls a slight edge. Their long/short account ratios are 1.53 and 2.13, respectively, while taker buy/sell ratios indicate stronger buying pressure, suggesting overall sentiment is optimistic. SOL is down slightly, but its funding rate remains positive at 0.0019%, and its long/short account ratio is as high as 2.60, indicating that long positions are relatively heavy. However, its taker buy/sell ratio is only 0.82, showing some emergence of selling momentum. BNB is largely flat, with a slightly negative funding rate (0.0000%), giving bears a slight edge. Its long/short account ratio is 2.20, while its taker buy/sell ratio is 0.74, indicating clear selling dominance.

Notably, the total stablecoin market cap is around $311.43 billion, down $1.84 billion over the past 24 hours, suggesting signs of capital outflows and warranting caution. On the news front, Deno's move to join Cloudflare has drawn attention, while Moderna and Lumentum Holdings are also trending among stocks. However, the key focus remains on the capital flows reflected in on-chain data.

Do you think the current bullish trend can continue?