Crypto rebounds as oil dips on Trump comments, but derivatives signal weak conviction

Bitcoin and ether rise alongside altcoins, yet muted open interest suggests the rally may rely on spot demand and short covering rather than strong leverage. What to know : Bitcoin and ether climbed modestly, while altcoins like algorand jumped sharply, leading broader market gains. Futures data shows rising volume but flat open interest, indicating the rally lacks strong leveraged conviction. Elevated leverage in ETH and ZEC raises the risk of a pullback if macro sentiment shifts against recent optimism.