The capital that's still in the market appears skewed toward bearish positions, with perpetual funding rates averaging minus 0.3% across major exchanges, indicating short sellers are aggressively paying to keep their bets open. This follows a 2% bitcoin price drop to $82,800 after President Donald Trump declined to rule out further strikes on Iran. Gold is also down 3% over the past 24 hours, trading around $4,150 an ounce, while the DXY index has climbed above 101, and U.S. 10-year Treasury yields are above 5.2%.