Bitcoin traders are tense...

Plus: Ethereum builds a quantum defense team

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Crypto Market Cap: $2.95T -0.11% (24H)   Name   Price 24H 7D Bitcoin BTC $87,415.47 -0.22% -2.61% Ethereum ETH $2,926.11 0.49% -2.35% BNB BNB $885.64 1.45% -0.61% XRP XRP $1.88 -1.59% -1.21% Prices as of 01:00 PM EST. Click here to see live data.

While we were busy learning the basics here at the Daily Squeeze this past week, the crypto market was doing its thing in the background.

Let's zoom back in on that today 🔎

Bitcoin's now stuck between $87K and $89K after failing to properly break above $90K.

It wasn't a major rejection, more like the market hesitating. And honestly, that told you everything.

The reason is this: macro pressure is back in control.

With a Fed meeting coming up, yields moving higher, and the dollar firming, risk appetite cooled.

When that happens, crypto stops trading on stories and starts trading on caution.

Bitcoin dominance got closer to 60% = classic "stick with the safest option" behavior.

Bigger, more liquid assets got priority. Everything else waited.

Then came the stabilizer: MicroStrategy added another ~$2.1B worth of Bitcoin.

That headline didn't spark a rally, but it mattered because it showed that long-term buyers are still active even when short-term traders are nervous.

So, yesterday felt like fear of falling. Today feels more like fear of missing a move that hasn't happened yet.

👉 Funding rates stayed slightly positive;

👉 Options markets are still pricing serious volatility over the next week.

Translation: nobody's relaxed, but nobody's hitting the eject button either.

What happens next depends on key levels. A break below $86K would likely bring stress back fast. A move above $90K could flip sentiment.

Until then, the market is doing one thing very clearly... waiting.