Bitcoin drops after repeated resistance at $80,000, taking ether with it, while derivatives and macro signals point to reduced risk appetite and subdued volatility. Bitcoin and ether fell around 0.75% after the largest cryptocurrency twice failed to break $80,000, with weakening U.S. demand signaled by a negative Coinbase premium index. Crypto derivatives activity cooled, with lower open interest, volume and liquidations, while funding rates and options data point to cautious, hedged positionin…
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