Over the last 30 days, more than 300,000 Bitcoin have been accumulated by long-term holders, indicating increased investor confidence despite market caution. This strategic shift aligns with a notable improvement in market sentiment, as reflected by a significant jump in the Crypto Fear & Greed Index, now at its highest point since January.
Bitcoin's price has responded positively, nearing $78,000. While the rally is partly driven by the perpetual futures market, analysts caution that a lack of strong spot demand could pose risks. Retail investor participation remains subdued, influencing broader sentiment indicators. The trend suggests a market focused on long-term value, but sustained growth may depend on balanced demand across all market segments.
