Bitcoin shows recovery marks after a sharp drop that paid its price to less than 80,000 dollars last week. The cryptocurrency has increased briefly to 92,756 dollars in the early hours of the day before restoring 90,279 dollars, which represents an increase of 0.7 % in the past 24 hours.
Although price movement is still volatile, market morale indicates a crucial stage for the Bitcoin track, according to Cryptoquant Woominkyu.
Bitcoin Market Course: Entry of Optimism
In a conversation analysis WoomINKYU, titled “FOMO is not here yet,” highlights the Bitcoin’s Fear & Greed Index, which follows the feelings of investors in general. The indicator, based on a 30 -day moving average (SMA 30), the Bitcoin market cycles rotate to different psychological stages observed in the previous marches.
This indicator historically helped determine when Bitcoin is in the early stages of the bull running – or when excessive optimism leads to corrections.
According to Woominkyu, Bitcoin now entered the “optimism stage”, a stage historically linked to the early stages of a strong gathering. In previous sessions, when Bitcoin reached this level, the market often gained an ascending momentum, which leads to more price increases.
However, the analyst warns that if the indicator continues to rise towards the stage of euphoria, it may indicate optimism of excessive market, which often has previously been declining.
The main observation of Woominkyu’s analysis is that although Bitcoin recovered, FOMO (fear of loss) has not been fully set between investors.
This indicates that although feelings are improving, Bitcoin has not yet been made in a speculative bubble. The coming weeks will be very important in determining whether the market follows the previous patterns – which rise from the stage of optimism – or if the Bitcoin external factors pushed to correct.
Pisces activity in the market
While feelings indicators provide an insightful view of the science of the market, whale activity is another major factor that affects the movement of bitcoin.
Separate analysis by Maartunn, another encrypted shareholder open The whale deposits to Binance have reached the highest level in three months, as more than $ 7.3 billion from Bitcoin has been sent to the stock exchange in the past thirty days.
These movements indicate that large -scale investors are actively putting themselves, which may lead to increased fluctuations in the market. Historically, the activity of the important whale coincided with the major price fluctuations, making it an important measure of monitoring.
The whale height reaches Binance Flow to an increase of 3 months at 7.3 billion dollars during the past 30 days
“This often happens in addition to heavy changes in the price and it appears that adult holders choose Binance books. It is important to see whale deposits, as their movements can pay the market.” – By Ja_MaARTUN pic.twitter.com/psd3zudxf3
– Cryptoquant.com (Cryptoquant_com) March 6, 2025
A distinctive image created with Dall-E, the tradingView chart
