Bitcoin enters a new greed phase as sentiment rises and price history suggests more upside before reaching a potential market top.
Big Bitcoin holders quietly offload 447K BTC over a year, but bullish futures and corporate demand keep the market stable and confident.
Ethereum shows signs of strength as ETH/BTC climbs, hinting that a powerful altcoin season could be just around the corner.
Bitcoin has entered a new phase of bullish momentum, with rising greed levels and historical patterns hinting at more room for growth. The Fear and Greed Index now sits at 2.77, signaling “Greed” territory. This places the market in an early stage of euphoria, far from the typical peaks marked by “Extreme Greed.” Historically, Bitcoin has completed up to three major waves of extreme greed per cycle. Analysts suggest the current move could be one of them.
Source: Cryptocon
Besides, Bitcoin’s price history shows clear cycles of rapid gains followed by sharp corrections. Each major high—from 2013 to 2024—correlates with euphoric sentiment spikes. Hence, traders are watching sentiment data closely, as these emotional shifts often signal turning points. The chart now shows Bitcoin holding above $100,000, with past patterns indicating further gains before a top forms.
Large Holders Reduce Exposure Gradually
Over the past year, wallets holding over 1,000 BTC reduced their cumulative balance by around 447,000 BTC. However, these sales did not come all at once. Instead, they occurred steadily across 12 months, avoiding sudden price drops. The largest 30-day selloff hit just 61,000 BTC, which markets managed to absorb.
Source: AxelAdlerJr
Moreover, market strength continues to counterbalance these sales. Futures markets remain bullish, and corporate buying still fuels demand. Consequently, even large outflows get digested when confidence stays high..
Ethereum Signals Altseason Is Brewing
While Bitcoin dominates headlines, Ethereum is now flashing signs of outperformance. ETH/BTC shows a bullish setup, indicating Ethereum could soon rally harder. Historically, ETH never leads until Bitcoin enters price discovery. This current cycle appears no different.
Additionally, ETH outperformance typically triggers a broader altcoin season. Traders believe the altseason begins when Ethereum gains momentum. Hence, the crypto market may shift toward high-growth altcoins in the coming weeks.
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