On the other hand, the Bitcoin Unified Sentiment Index (based on CoinGecko votes and the Fear & Greed Index) also turned positive. This usually means there’s confidence in Bitcoin’s near-term outlook.
Puckrin noted,
“The ongoing uncertainty, which has dominated markets all year, is perhaps the reason we are not seeing more euphoria in the cryptocurrency space. Indeed, Bitcoin is exhibiting a potential double top pattern, a bearish signal, and daily exchange volumes have dropped off a cliff,”
Despite that caution, a move higher is possible with improving structural and sentiment indicators as a sign.
Breakout on the way?
Binance data is also showing similar optimism.
Source: Cryptoquant
Funding Rates for Bitcoin perpetuals have stayed positive since the 22nd, a trend that often comes before short-term rallies.
Negative funding phases usually mean local bottoms, while a return to positive levels indicates bullish momentum.
Source: Cryptoquant
Adding to this, the BTC-to-stablecoin reserve ratio on Binance has flashed its third buy signal of the cycle.
The same pattern appeared in January and March 2023, and again in March 2025, each time followed by major rallies to $24,800, $73,000, and $123,500.
Rising capital inflows and shrinking supply are boosting optimism in Bitcoin markets.
What you need to watch
Bitcoin held steady near $113K, consolidating after recent gains.
$107,500 is a crucial support level — if BTC maintains this level over the next 24–48 hours, a move toward $116,000 could follow. This aligns with improving Binance Funding Rates and a bullish stablecoin reserve ratio.
Source: TradingView
With RSI near neutral and volume profile support building below current prices, Bitcoin’s structure indicates that the market is ready for further upside.