Bitcoin and Ethereum experienced declines from their recent highs, with Bitcoin dropping 0.7% to $82,800 and Ethereum falling 1% to $2,325. Despite these setbacks, the altcoin market showed strength, with ALGO and TON rising 8% to 9% since midnight UTC. The broader market is showing signs of a bullish reversal, although Bitcoin needs to surpass $98,000 to break the current downward trend. In the derivatives market, open interest in Bitcoin decreased, indicating a reduction in speculative demand. Meanwhile, TON's open interest surged over 10%, reaching a new all-time high, signaling strong market participation. The options market remains bullish, with call options above $80,000 leading trading volumes. CoinDesk's DeFi and MemeCoin indices rose 2.5%, reflecting increased speculative trading, while the "Altcoin Season" indicator reached its highest level since March.