Bitcoin's price stagnation above $100,000 for over 50 days has dampened bullish sentiment in long-term options, with current risk reversals indicating a neutral market. Although large purchases by companies like MicroStrategy (MSTR) continue, they have not significantly impacted demand, as long-term holders start taking profits. Traders are particularly focused on upcoming U.S. consumer price data and its implications for the Federal Reserve's rate decisions. Additionally, cultural engagement with cryptocurrencies continues to rise, illustrated by endorsements from artists and political movements. Ethereum co-founder Vitalik Buterin is also addressing transaction limits on the network to enhance security against cyber threats. In regulatory news, Russia has implemented a national registry for mining equipment to promote compliance. Market dynamics show that Bitcoin's dominance remains strong, with increased institutional investment contrasting with retail selling behavior. Overall, the market shows signs of bullish bets on Ethereum even as Bitcoin sentiment remains cautious.

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