Bitcoin encountered significant resistance at $76,000, triggering warnings of a potential "bull trap" as the cryptocurrency failed to break through six-week highs. Open interest trends are signaling possible price reversal conditions, according to market analysts monitoring the rejection at this critical level.
Ethereum moved in the opposite direction, rallying to $2,300 with support from fresh inflows and treasury buying activity. Traders on prediction market Myriad have shifted to bullish positions on ETH, reflecting growing confidence in the second-largest cryptocurrency's near-term prospects.