Bitcoin Market Lacks Euphoria, Yet Analysts Spot Alarming Indicators

Bitcoin, despite reaching an all-time high of over $123,000, is experiencing a potential pivotal moment as large Bitcoin deposits into Binance increase, indicating possible strategic exits or leveraged plays by big-money investors. A significant surge in the "Binance Whale Activity Score" following Bitcoin's peak suggests a coordinated shift by key players, with over $210 million in BTC deposited into Binance in a single day and transactions over $1 million making up over 35% of total Bitcoin inflows.

These coins are from experienced investors re-entering the market, not recent buyers. The shift comes as bullish sentiment dominates, yet broader retail participation has yet to materialize, which is crucial for genuine market euphoria. Meanwhile, the asset appears to be retreating from the heat of its last breakout.