The crypto market is currently treading water. Bitcoin remains nearly unchanged, with altcoins like Ethereum, XRP, and Solana also posting modest gains. Decreasing trading volumes and falling funding rates point to a temporary pause in market activity—echoing patterns seen in traditional equities. Like stocks, Bitcoin has increasingly adopted a quieter weekend pace, with the price moving up just 0.75% over the last 24 hours to $118,100.
Bitcoin seeks new momentum after rally. TradingviewAltcoins are following suit: slight upward movement, but major price action is largely reserved for weekdays. The overall sentiment remains neutral, as reflected by the Fear & Greed Index, which holds steady at 64—unchanged from the previous day, though down from last week’s high of 68.
Volume and Derivatives Metrics Show Cooling Trend
After July’s upward surge, the market now faces a clear consolidation phase. Trading volume dropped sharply by 46.17% to $120.91 billion, underscoring fading momentum. Open interest on derivatives markets also fell 7.86% over 24 hours, while funding rates for perpetual contracts slipped 10.41% to 0.0081%, according to CoinMarketCap.
Both indicators suggest a temporary reduction in risk appetite as traders reassess positions. Meanwhile, the Altcoin Season Index dropped 17% week-over-week, though it remains up 126% compared to last month—highlighting persistent sector rotation and ongoing market recalibration.