Bitcoin is range-bound near $90,000, while select altcoins experience rallies, according to CoinDesk. The report suggests that leverage has been flushed out of the market and spot demand for Bitcoin remains soft. This environment allows for sharp, narrative-led movements in altcoins, driven by token unlocks and thin liquidity. The Asia Morning Briefing highlights these dynamics influencing the cryptocurrency market, where Bitcoin's price stability contrasts with the volatility observed in certain altcoins.

Bitcoin is range-bound near $90,000, while select altcoins experience rallies, according to CoinDesk. The report suggests that leverage has been flushed out of the market and spot demand for Bitcoin remains soft. This environment allows for sharp, narrative-led movements in altcoins, driven by token unlocks and thin liquidity. The Asia Morning Briefing highlights these dynamics influencing the cryptocurrency market, where Bitcoin's price stability contrasts with the volatility observed in certain altcoins.