📉 Weekly Crypto Market Recap — Slow Volume, High Funding, and a Cautious Market Mood

Last week, the crypto market showed sluggish trading activity, even though expectations for interest-rate cuts kept rising. The total market capitalization stayed around US$3.1 trillion, reflecting a modest 4% increase from the previous week.

Bitcoin (BTC) struggled to break through resistance near 92,000 USDT, and as of now, BTC is trading around US$87,417. Despite this price level, both Bitcoin and Ethereum saw significantly lower trading volumes — BTC volume was 31% below, and ETH volume was 43% below their usual averages. On-chain activity also remained muted, signaling hesitation across the market.

In the futures market, funding rates continued to spike, with BTC at 4.3% and ETH at an elevated 20.4%. These high funding rates indicate strong bullish bias, but they also show that many positions are over-leveraged — making the market more vulnerable to sudden pullbacks.

Overall, the market remains in a cautious consolidation phase, where sentiment is mixed: optimism about rate cuts is rising, but real trading conviction is still weak.