In recent months, Bitcoin (BTC) has experienced extreme price fluctuations and failed to establish a stable upward trend, mainly due to concerns about macroeconomic conditions. However, after about 4 months of pessimism, signs of a return to a bullish market have emerged. According to analyst Axel Adler, the ‘Bitcoin Sentiment’ index has turned positive, indicating an increase in market participants’ optimism, especially among whales. At the beginning of 2025, there were 2,054 wallets with over 1,000 Bitcoins, which has now decreased to 2,038. Recently, whales have re-entered the market, with the number now reaching 2,106, the highest level this year. The increase in whale addresses and a stable negative trend in Bitcoins deposited to exchanges over 5 consecutive days indicate whales’ growing confidence in the market. On the other hand, American institutional investors have turned optimistic for the first time in the last 17 days, and the Coinbase Premium index has turned positive after over 2 weeks. Bitcoin is now priced at $85,131, and most market participants expect it to reclaim higher resistance levels. If the optimism continues, the price could grow to $86,190 and further to $88,500. Conversely, with a decrease in whale sentiment, a drop to $81,616 is possible. You can see the live prices of all tokens and cryptocurrencies on the momentary price page.
