Optimism Returns With US Institutions as Bitcoin Reclaims $91K
Bitcoin shows pre-bullish signals as institutional inflow recovers, sentiment improves, and long positions remain dominant.Summary
Bitcoin bulls have cause for optimism as the cryptocurrency reclaimed $91,700, supported by three simultaneous on-chain metrics suggesting a market recovery. First, the Coinbase Premium Gap is bouncing back toward zero, indicating that US institutional capital is returning after year-end selling subsided. Second, the Crypto Fear & Greed Index has risen from 'Extreme Fear' into the general 'Fear' zone, signaling improved market psychology. Third, the BTC long/short ratio remains above 1.0, showing traders are still betting on price increases. Despite these positive signs, analysts urge caution due to lingering macroeconomic uncertainty, particularly regarding Federal Reserve policy, and the fact that sentiment remains low and the Coinbase Premium has not decisively turned positive yet.
(Source：BeInCrypto)