The cryptocurrency market remained under pressure on Tuesday, with Bitcoin trading at approximately $87,000, down from last week's peak of $92,350. Altcoins continued to underperform, with several tokens, particularly privacy coins like Zcash and Monero, losing over 5% in the past 24 hours. Investor confidence appeared to wane as futures open interest for major cryptocurrencies such as BTC, ETH, XRP, and SOL declined by up to 6% over the same period. Additionally, Bitcoin's 30-day implied volatility index increased relative to the VIX, reflecting heightened market uncertainty. The altcoin season indicator stood at 24/100, indicating a persistent preference for Bitcoin and select DeFi tokens.