BTC briefly cracked $80,000 overnight, wiping $404M in crypto longs in four hours, and while it has recovered to $80,925, the combination of a softening macro backdrop, an Initia exploit, and Coinbase warning of a potential slide to $75K means the mixed regime from yesterday is now carrying noticeably less conviction to the upside.

Summary

BTC sits at $80,925, up just 0.05% on the day but down 0.91% on the week, after dipping below $80,000 overnight on reports of U.S. Middle East evacuations. That flush liquidated $404M in longs in four hours, per The Block. ETH is softer at $2,365.20, off 0.73% on the day and 1.74% on the week. Fear & Greed reads 54, neutral, and BTC dominance is 59.48%, a signal that capital is staying close to the base layer rather than rotating into alts. Yesterday's regime was also Mixed; today it's the same label but the overnight sub-$80K print adds a layer of fragility that wasn't in the picture 24 hours ago.

Market Pulse

BTC open interest on Hyperliquid stands at $3.44B with a funding rate of +0.0013%, barely positive, which tells you the leverage community is cautious but not capitulating. The long/short ratio of 1.13 means longs still have an edge, but after a $404M wipeout overnight, the people still holding those positions are sitting on thinner cushions. If BTC can't reclaim and hold above $81,500 through the session, the path of least resistance points back toward the overnight low.