$BTC Market Sentiment Update by NoriFtm – Binance Square Write to Earn

Over the past few days, Bitcoin has shown signs of downward pressure but has consistently held strong above key support levels. Notably, every time BTC briefly dips below the $94,000 mark, it swiftly rebounds above $95,000. This pattern suggests that many traders missed the early phase of this rally and are now eagerly buying any dips, creating a cushion under current price levels.

This is a sharp contrast to the 1–2 month consolidation phase when BTC hovered between $80,000 and $85,000 with little market enthusiasm. It highlights a psychological pattern in the market: the majority only believe in the trend once it’s visibly established, while only a few have the conviction to anticipate it early.

Today’s Fear and Greed Index stands at 60, moving from yesterday’s neutral 54 into clear “greed” territory, reflecting growing optimism. Furthermore, according to Coinglass data, total open interest in BTC futures is at 669,900 BTC (approximately $63.7 billion USD), nearing levels seen when BTC last approached all-time highs.