The crypto market is flashing mixed signals, with Bitcoin (BTC) dipping below $114,000 and Ethereum (ETH) holding just above $4,100, while whales pile into short positions despite a sector-wide rebound. Most sectors posting gains in the past 24 hours, led by a 5.75% surge in GameFi as ImmutableX (IMX) and Four (FORM) jumped nearly 8%. DeFi and AI tokens also rallied, with Ethena (ENA) and Bittensor (TAO) climbing 11.9% and 10.4%, respectively. However, the CeFi sector was the lone laggard, slipping 1.07% as Binance Coin (BNB) and Aster (ASTER) dropped. Meanwhile, on-chain trackers revealed major whales, including the trader who made $160 million shorting the last crash, are again building hundreds of millions in short positions, hinting at caution beneath the surface.
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