Bitcoin showed signs of recovery after a sharp decline that pushed its price below $ 80,000 last week. The cryptocurrency briefly increased to $ 92,756 in the early hours today before recovering at $ 90,279, marking an increase of 0.7% in the last 24 hours.
Although the price action remains volatile, the market feeling indicators signal a crucial phase for the Bitcoin trajectory, according to cryptocurrency analyst Woominkyu.
Bitcoin’s Market Cycle: Enter the stadium of optimism
In a recent analysis entitled “Fomo is not yet there”, Woominkyu highlights the Fear & Greed index of Bitcoin, which follows the global feeling of investors. The index, on the basis of a 30 -day mobile average (SMA 30), cartography Bitcoin market cycles at different psychological stages observed in past rallies.
This indicator has historically helped to identify the moment when Bitcoin is in the early stages of a Bull Run – or when excessive optimism can cause corrections.
According to Woominkyu, Bitcoin has now entered the “stadium of optimism”, a phase historically associated with the early stages of a strong rally. In past cycles, when Bitcoin has reached this level, the market has often taken an upward dynamic, resulting in new price increases.
However, the analyst warns that if the index continues to rise to the euphoria stage, this could indicate excessive optimism of the market, which has often preceded strong corrections.
The key observation of Woominkyu’s analysis is that, despite the resumption of Bitcoin, Fomo (fear of missing) has not yet fully established among investors.
This suggests that while feeling improves, Bitcoin is not yet in a speculative bubble. The coming weeks will be essential to determine if the market follows past models – increase more from the optimism stage – or if the external factors push bitcoin in a correction.
Whale activity on the market
Although the feeling indicators provide an overview of market psychology, whale activity is another key factor influencing Bitcoin prices movement.
A distinct analysis of Maartunn, another cryptocurrency contributor, revealed that the Whale Deposits in Binance have reached a three -month summit, with more than $ 7.3 billion Bitcoin sent to the scholarship in the last 30 days.
These movements suggest that large -scale investors are actively positioned, which could cause increased volatility on the market. Historically, a significant whale activity coincided with major price oscillations, making it a significant metric to monitor.
The Binance terminal flow reaches a 3 -month summit to $ 7.3 billion in the past 30 days
“This often occurs in parallel with heavy price changes and shows that big holders choose Binance as an exchange. Looking at the whale deposits is important because their movements can drive the market. ” – By @Ja_maartun pic.twitter.com/psd3zudxf3
– cryptotics.com (@cryptoquant_com) March 6, 2025
Star image created with Dall-E, tradingView graphic
