Bitcoin Stabilizes Around $77.300 as Crypto Market Gains Led by LINK and ETH
The crypto market collectively trades in the green today with moderate gains led by LINK and ETH, while Bitcoin remains stable around $77.300.
Bitcoin opened the week by clearing $72,000, a level it had tested and failed three times in the prior ten days. What changed was the source of the bid. Order-flow data shows the buyer was spot, not perpetuals, and the settlement came through stablecoin rails rather than fresh fiat on-ramps.
Why this matters for a trader today
A move funded by leverage tends to reverse when funding flips. A move funded by stablecoin inflows is harder to shake out, because the capital is already in the system. That is the difference between a squeeze and a trend, and right now the structure reads as the latter.
Where the risk still sits
The macro overlay has not cleared. VIX at 14.1 and a 4.28% ten-year yield leave a risk-off cloud overhead. A soft equity session in the US could still pull crypto with it, regardless of on-chain strength.