After Months of Gloom, Bitcoin May Finally Be Finding Its Footing

After months of instability and a gloomy outlook, Bitcoin may finally be finding its footing. For nearly four months, the crypto market was clouded by pessimism

After months of instability and a gloomy outlook, Bitcoin (BTC) may finally be finding its footing. For nearly four months, the crypto market was clouded by pessimism, mainly fueled by concerns over macroeconomic conditions. But that may be changing. Recent signs point to a potential return of the bull market, and the shift in sentiment is being felt across the board.

A Glimpse of Optimism Returns

The first spark of hope appeared just a few days ago. Bitcoin’s Sentiment Vote-Up or Down metric, as noted by Axel Adler, turned green for the first time in months. When this metric turns green, it indicates that the majority of participants are expecting a rise in Bitcoin Price. Simply put, the crowd is starting to feel bullish again.

This change reflects a key shift in crowd psychology, from fear to cautious optimism. And when sentiment begins to lean bullish, it often sets the stage for a market comeback.

Whales Make a Comeback

An interesting part of Bitcoin turning green is large investors known as whales’ sudden enthusiasm for BTC. At Q1 2025 start 2,054 wallets were holding over 1k BTC, but the number dropped significantly due to market uncertainty. However, this situation changed as whales re-entered the market with renewed energy. Now the holdings over the same 1k BTC increased to 2,106, a new record in 2025.

This uptick shows that whales are not just returning, they’re accumulating aggressively. Their confidence could signal that the Bitcoin Price is preparing to move upward.

Exchange Behaviour Shows Conviction

Supporting this narrative is some key on-chain data. For five days straight, whales have recorded a sustained negative Exchange Ratio. This means more Bitcoin is moving out of exchanges than into them, often seen as a sign that holders are in it for the long haul rather than preparing to sell.

This trend doesn’t just apply to whales. Even regular participants in the market are beginning to show signs of optimism, a major turnaround from the fear-driven behaviour seen just weeks ago.

One of the most notable shifts has come from U.S. institutional investors. The Coinbase Premium Index, a metric that tracks buying pressure from U.S. institutions, turned positive for the first time in 17 days. This is a strong indicator that even big players are warming up to the next Bitcoin Price.

Institutional interest plays a critical role in driving long-term trends, and their renewed confidence could help sustain momentum if other factors hold steady.

The recent change in mood is more than just a blip, it could be the start of something bigger. If this optimism sticks around, Bitcoin Price could push toward the $86,190 mark. A strong move beyond that even hit $88,500.

However, if momentum fades or if whales decide to go risk-off again, Bitcoin could slip back to $81,616. Right now, the market stands at a delicate turning point. The path forward depends heavily on whether bullish sentiment continues to grow.

For now, one thing is clear: the winds are starting to shift, and Bitcoin’s next move could be just around the corner.