Market sentiment has improved by almost 20 points since last week as Bitcoin surged back toward $115,000 over the weekend.
Market sentiment has improved by almost 20 points since last week as Bitcoin surged back toward $115,000 over the weekend. The recovery marks a sharp reversal from the yearly low of 24 that followed Trump's Oct. 10 tariff declaration, which liquidated $19 billion in leveraged positions across the crypto market.
Funding rates remain below the neutral level of 0.01%, showing no excessive long positioning or market froth, according to Glassnode. In fact, funding flipped very negative several times over the past two weeks, demonstrating that participants are approaching the market with caution rather than excessive leverage.
Market participants appear to be watching for additional confirmation of the trend reversal before committing significant capital. The combination of stabilizing sentiment, reduced selling pressure, and potential Fed rate cuts could set the stage for further Bitcoin price appreciation in the coming weeks.
I'm just your average dog… Only decentralized; also… I'm not your average dog.
Join the thousands already learning crypto!