〽️BITCOIN FELL?〽️‼️
Well, the market sentiment hasn’t changed this time - $BTC
Factors that keep the sentiment stable:
📍The sentiment in the crypto market has been recovering even with the drop in Bitcoin, as many traders see volatility as a natural part of the cryptocurrency cycle and expect a reversal in the coming months, especially with December's historical performance being positive for Bitcoin.
📍Large investors continue to place significant buy orders at support levels, such as between $88,000 and $92,000, signaling confidence in a future recovery.
📍The recent volatility was mainly caused by the deleveraging of positions and global risk aversion, but the market is still above 2024 levels, which keeps the sentiment relatively positive.
Sentiment indicators: The Fear and Greed Index for Cryptocurrencies on Binance has remained at moderate levels, signaling that despite the drop, there is no widespread panic.
📍Funding rates and open interest continue to show robust activity, indicating that traders are still engaged and looking for buying opportunities in case of further declines.
✅️ In summary, even with the drop in Bitcoin, market sentiment remains stable due to the expectation of seasonal recovery, the presence of large buyers at strategic levels, and the view that current volatility is part of the normal adjustment process in the market
