Bitcoin holds above $75,000 but traders remain cautious with short bias and mixed market signals.

Bitcoin has been trading between $75,000 and $80,000 since April 19, recently rising to around $77,000 after finding support at $75,000. Despite this, negative funding rates and steady open interest at $19 billion suggest traders are cautious and generally betting on price declines. Options markets show some bullish sentiment, but overall institutional activity points to defensive positioning amid broader market uncertainty. The crypto market shows mixed performance with some altcoins gaining while others fall, reflecting cautious investor sentiment.