Part 11/12:
- Market Sentiment: The Fear & Greed Index remains deep in fear territory (~22), suggesting traders are still cautious. Search interest in cryptocurrencies remains low, resembling late 2020 levels during the onset of the pandemic, indicating a lack of retail enthusiasm despite underlying technical signals.
Conclusion: Is a Major Bitcoin Rally Imminent?
While current indicators paint a cautious picture, certain signals—such as Bitcoin futures backwardation, low valuation metrics, and regional buying trends—point toward potential bullishness. The market appears to be in a preparatory phase, with miners accumulating, institutional interest re-emerging, and technical signs hinting at forthcoming upside.