
Bitcoin failed to reclaim the $78,000 level due to selling by short-term holders and heavy spot ETF market offloading, dampening altcoin momentum. The crypto AI sector saw a slight market cap decline, with NEAR Protocol rising 34% while FET token dropped 2.5% despite bullish on-chain signals. Analyst Crypto Onchain noted a 20% drop in Binance's FET reserves and reduced exchange inflows, indicating supply tightening that could reduce selling pressure. This structural divergence suggests FET may soon break its bearish trend if supply-side tightness continues, with key resistance levels identified for a potential trend shift.