Momentum Metric Flips Positive
Bitcoin is treading water just below $85,500, yet activity on Binance suggests an under‑the‑radar surge in bullish sentiment. The exchange’s Taker Buy/Sell Ratio—a real‑time gauge that rises when market‑buy orders overwhelm sells—has edged up to 1.008, marking the first trip back into positive territory in weeks. When the same metric spiked past 1.1 earlier this month, BTC briefly punched above $86 K, hinting that another push may be brewing. citeturn2view0
Short Squeeze Powder Keg Above $85K
Derivatives data from CoinGlass shows roughly $637 million in short positions stacked between $85,000 and $85,500. A clean move through that ceiling could liquidate those bears, adding forced buy pressure that often accelerates rallies. citeturn2view0
Bitcoin Still Commands the Market
While altcoins tread water, Bitcoin’s market‑cap dominance has climbed to 63.8 %, almost ten percentage points higher year‑to‑date. The Altcoin Season Index sits at 15/100—deep in “Bitcoin Season” territory—underscoring how capital continues to rotate back into the flagship asset. citeturn2view0
Sentiment Says Fear, Metrics Say Opportunity
Paradoxically, the Crypto Fear & Greed Index languishes at 29 (“Fear”), suggesting many traders remain cautious even as on‑chain trends turn constructive. Some analysts argue that tax‑day selling and refund‑driven buying are muting price action, masking BTC’s breakout potential. citeturn2view0
Macro Tailwinds Stack Up
A weakening U.S. dollar—pressured by renewed tariffs on Chinese goods—has bolstered Bitcoin’s appeal as an inflation and currency hedge. Geopolitical tension and softer greenback sentiment are feeding the narrative that BTC can act as a macro insurance asset. citeturn2view0
Technical Picture: Coiled but Supported
On shorter‑term charts, Bitcoin holds above an ascending trendline and the 50‑period EMA near $83,800. RSI hovers in neutral territory, leaving room for buyers to extend gains if resistance cracks. Traders eyeing momentum are watching for a decisive candle close above $85,500 with rising volume; such a breakout targets $86,400 to $87,400, while invalidation lies below recent support. citeturn2view0
Bottom Line
The broader market may look quiet, but Binance order flow, looming short‑squeeze fuel, and strengthening dominance hint that Bitcoin could sprint once $85 K falls. Traders who focus only on headline price might miss the groundwork being laid beneath the surface.
