$BTC In the past 24 hours, it has dropped below 85K, setting a new low for 2026. Risk appetite has decreased along with pressure from traditional markets, leading to a noticeably conservative approach to capital. Today, we also encounter over 9 billion dollars in options expiration, making it easy for prices to be constrained within a range.

$ETH follows BTC, but often drops heavier, getting stuck around 2,900 for the past two days with repeated tests. The rebound lacks volume, indicating that bulls are still on the sidelines, and the effects of the options expiration have not yet been fully digested.

Overall, risk assets are under pressure; gold is strengthening, and capital is leaning towards safe havens, naturally sidelining the crypto market. This is not an impulsive market; rather, it is a situation of "waiting for signals, don’t chase hard."

Key points moving forward: changes in volume after options expiration, whether macro risk appetite has improved, and any news related to regulations or policies.

#Crypto #Bitcoin #Ethereum #Web3