Title: Bitcoin Price Holds Steady Around $51K as Market Analyst Predicts Possible Drop to $47K

The bitcoin price remains stable around the $51,500 mark on Monday, with subdued weekend volatility evident. Market analyst, Alex Kuptsikevich of FxPro, foresees the possibility of a drop to as low as $47,000, as bitcoin hovers near the bottom of its eight-day consolidation range. The CD20 broad market gauge has decreased by 0.4% over the past 24 hours, reflecting minor movements in the cryptocurrency market.

Meanwhile, ether (ETH) has climbed back to $3,100, following the emergence of a new narrative for spot ether exchange-traded funds (ETFs). Other tokens experienced fluctuations, with Worldcoin (WLD) and SingularityNET (AGIX) both witnessing a decline of around 4%. Ethereum layer-2 platform Mantle's token surged by 30%, reaching a lifetime peak of 93 cents, possibly linked to mantleETH surpassing the $1.5 billion value-locked mark last week.

The chart displaying the annualized funding rate for the top 25 cryptocurrencies reveals excessive bullish leverage, with the yellow bars indicating an annualized percentage rate (APR) of almost 50%. This level of leverage can lead to mass liquidations and swift price corrections in the cryptocurrency market.

As the market for most coins appears overheated with APR approaching 50%, investors are advised to exercise caution amidst the potential for increased market volatility.