Bitcoin still sits under $100,000. Yet, the market mood is definitely starting to lift
The storms have passed, and calm is here. The crypto market is coming up for air. It washes away the memory of a rough fall season. Fear is vanishing. Price charts are turning green. Traders who lost sleep are feeling hopeful again. They put their charts away, but now they are trading once more. Forums are full of bull memes and fire emojis. Smiles are back. A lone figure rides a bright orange elevator up toward $100,000.
Quick Look
Market mood is much better. The Fear & Greed index hit 25. Traders are closely watching the $85,000 to $94,000 price range. Large investors, or whales, are selling some coins. Smaller buyers keep stacking sats with firm belief. Bitcoin network use is slowing down. We see fewer active weekly addresses.
The market's mood shift is clear. The industry's emotions have reset. The Fear & Greed index bounced to 25, up from 10 in November. This is not total excitement, but it beats November's gloom. This shift shows up on X (Twitter). Bearish posts are gone, replaced by strong bullish bets. People are discussing a full recovery. They hope to cross major thresholds soon.
Other coins look good too. Ethereum tries for $5,000 again. Solana, a top performer this year, is surging once more. Even smaller, niche tokens are gaining ground. Traders just need one good signal to feel fully confident.
Stay careful though. December is often a quiet month. Analysts note the average return was only 4.75% over the last decade. Many still pray for a year-end boost. Bitcoin sets the market mood, as always.
Right now, technical price levels are key. The market moves based on liquidity zones. Bitcoin must win the fight for the $93,000 to $94,000 level. Ted, an analyst on X, shared his view. Most BTC liquidity is increasing. Still, some large order groups sit around $85,000 to $86,000. If Bitcoin clears $93,000 to $94,000, it should hit $100,000 before a price drop.
Buyers want a quick jump to six figures. Sellers wait for a dip near $85,000. Every price change seems important. Everyone watches the charts, trying to guess what whales plan next. Many observers point to large orders in these zones. These clusters attract massive price swings. The market is still stressed. Traders are split. Some see a big chance; others fear a setup. They all watch the same numbers. In this wild asset class, liquidity often matters more than core value.
Bitcoin took a big hit just weeks ago. The price fell over 36% in six weeks. Jelle, also on X, called it the deepest and hardest drop of this cycle. Most people were surprised by how fast the price fell. The reasons for the crash are clear. Active addresses dropped fast. New weekly addresses fell off. The biggest factor was whales selling hard.
Wallets holding 10 to 10,000 BTC sold off between October and November. Small investors kept buying the dip. They acted on pure gut feeling or faith. This gap between big and small players clouds future predictions. The MVRV ratio still shows unrealized losses across the market. We cannot expect a true reversal until the big players start buying again. The market is walking very carefully. This stress might actually cause the next big jump. In crypto, things often look darkest just before the light returns.
Key Metrics
Bitcoin price now sits at $91,577. Fear & Greed Index is up to 25, from 15 two weeks ago. The recent price drop was 36% in six weeks. Active weekly addresses fell from 964,000 to 729,000. New weekly addresses dropped from 3.37 million to 2.21 million.
Winter is still here, but we see warmer signs. Something else is drawing focus: Bitcoin ETF holders. Many were stuck underwater for a long time. Now, their positions are profitable again. This feels like a quiet sign that things are truly shifting. Crypto winter looks like it might end soon.