Greed

Bitcoin ETF

Bitcoin

<p>After the storms, the calms. The crypto market is coming up for air, wiping off the last drops of a turbulent autumn. Fears fade, curves straighten. Eyes reddened by losses regain the sparkle of hope. Traders who had put away their charts start speculating again. Those who had deserted forums come back with flame emojis and bull memes. The time for smiles seems to have returned — at least for now.</p>
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  <h2 class="in-brief--title" id="in-brief">In brief</h2>
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   <li>Crypto sentiment improves significantly with a Fear &amp; Greed Index back at level 25.</li>
   <li>Traders are intensely watching liquidity zones between $85,000 and $94,000.</li>
   <li>Whales are reducing their positions while small holders continue to buy confidently.</li>
   <li>Bitcoin network activity slows sharply with a drop in weekly active addresses.</li>
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<h2 id="h-the-return-of-the-smile-crypto-on-the-edge-bitcoin-in-sight">The return of the smile: crypto on the edge, bitcoin in sight</h2>
<p>The emotion engine of the crypto industry is back running. Psychological indicators are gaining color: the Fear &amp; Greed Index has risen to 25, after <a href="https://www.cointribune.com/en/crypto-the-fear-index-drops-to-10-but-analysts-see-a-reversal/" target="_blank" rel="noopener noreferrer nofollow">a fall to 10</a> in mid-November. Not yet euphoria, but a mood less heavy than in November. This improvement is reflected in social dynamics: on X, alarmist messages give way to bullish expectations. Debates ignite around <a href="https://cointelegraph.com/news/crypto-market-sentiment-levels-bitcoin-price-industry-anticipation" target="_blank" rel="noopener noreferrer nofollow">a recovery scenario</a> — even symbolic threshold crossings.</p>
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<p>Other cryptos are not left behind. Ethereum, mimicking the move, tries to regain $5,000. Solana, the phoenix of the year, reprises its role as a brilliant outsider. Even lesser-known tokens benefit from the general rebound. Crypto traders, stung, await a signal to believe again.</p>
<p>But caution remains. Some analysts remind that December has often been a calm month, with an average return of 4.75% over the past ten years. Again, many look to the sky hoping for a year-end miracle. One thing is certain: autumn gloom seems already far away. And for now, bitcoin remains the barometer of crypto mood.</p>
<h2 id="h-friction-zones-when-liquidity-becomes-a-treasure-map">Friction zones: when liquidity becomes a treasure map</h2>
<p>In this context, technical levels become obsessive. The crypto market vibrates to the rhythm of liquidity thresholds. For many, bitcoin’s fate depends on a precise battle: reclaiming $93,000 to $94,000. Ted, an analyst on X, <a href="https://x.com/TedPillows/status/1994001754355323155?s=20" target="_blank" rel="noopener noreferrer nofollow">asserts</a>:</p>
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 <p><em>Most of the liquidity for $BTC is still to the upside. But some liquidity clusters are building around the $85,000-$86,000 level too. If Bitcoin reclaims the $93,000-$94,000 zone, I think $100,000 BTC could happen first before any downside.</em></p>
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<p>This domino game fascinates. Buyers hope for a lightning leap to six figures, sellers watch for weakness around $85,000. And every move becomes suspect. Behind Japanese candlesticks, people seek to guess whales’ intentions, to interpret weak signals. Several observers mention order concentration in these zones, which could act as volatility magnets.</p>
<p>The market remains tense. Crypto traders are divided: some shout opportunity, others fear a trap. But all eyes are on the same numbers. Because in the crypto jungle, the liquidity map sometimes matters more than fundamental analysis.</p>
<h2 id="h-the-anatomy-of-a-correction-for-bitcoin-from-chaos-to-introspection">The anatomy of a correction for Bitcoin: from chaos to introspection</h2>
<p>Just weeks ago, bitcoin suffered a shock. A drop of more than 36% in six weeks. The <a href="https://x.com/CryptoJelleNL/status/1994036094912848062?s=20" target="_blank" rel="noopener noreferrer nofollow">words of Jelle</a> on X still resonate:&nbsp;</p>
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 <p><em>This correction has been the deepest &amp; steepest this cycle, correcting over 36% in just six weeks. After a bunch of slow-bleed corrections, I think almost everyone was caught of guard by the selloff.</em></p>
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<p>Behind this fall, revealing signs: the number of active addresses in free fall, a drop in weekly new addresses, and especially… <a href="https://www.cointribune.com/en/bitcoin-faces-renewed-selling-pressure-as-whale-deposits-spike-and-market-fear-deepens/" target="_blank" rel="noopener noreferrer nofollow">whales selling</a>. Between October and mid-November, wallets holding between 10 and 10,000 BTC reduced their positions. Meanwhile, small holders continue to “buy the dip,” often by reflex or belief.</p>
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<p>This imbalance between the elite and the masses weighs heavily on forecasts. Especially since the MVRV ratio remains in a latent loss zone. As long as big entities do not return to buying, it is hard to hope for a real reversal. The crypto market therefore walks on eggshells. But paradoxically, this nervousness can be the fuel for a future rebound. Because in crypto, it is often when hope seems lost that light returns.</p>
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<h3 id="h-key-takeaways-key-figures-and-trend-indicators">Key takeaways – key figures and trend indicators</h3>
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 <li><a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> at the time of writing: $91,577;</li>
 <li>Fear &amp; Greed Index: back at 25, compared to 15 two weeks ago;</li>
 <li>Recent correction: -36% in six weeks;</li>
 <li>Active addresses: down from 964,000 to 729,000 weekly;</li>
 <li>New addresses: from 3.37 million to 2.21 million weekly.</li>
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<p>Winter is not over, but first clearings give hope for milder weather.</p>
<p>Beyond this stormy sea, another scene catches the eye: <a href="https://www.cointribune.com/en/blackrock-bitcoin-etf-holders-are-smiling-again/" target="_blank" rel="noopener noreferrer nofollow">that of Bitcoin ETF holders</a>. Long stuck in doubts, some of them now see their positions return to green. Like a silent promise that winds are turning. The crypto winter may not last forever.</p>

Bitcoin Stays Under $100K as Market Sentiment Turns Upbeat

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