Analysis: Bitcoin Rises Above $77,000 but Remains Range-Bound
According to CoinDesk, Bitcoin (BTC) edged up slightly on Friday, rising 1.25% to approximately $77,250 since 00:00 UTC, yet it remains range-bound between $75,000 and $80,000 since April 19. Futures funding rates are predominantly negative, indicating traders continue favoring short positions on rallies; Bitcoin futures open interest stands at roughly $19 billion—essentially flat week-on-week—with a 3-month annualized basis of 1.5%. In the options market, sentiment leans bullish: call options accounted for 58% of options volume over the past 24 hours, and demand for downside protection has eased.
