Market Indicators Turn Bullish
Bitcoin's Bull–Bear Structure Index has crossed into positive territory for the first time since October 12. This change reflects a shift in structural momentum as BTC trades between $105,000 and $108,000.
At the same time, the Unified Sentiment Index has risen above zero, marking a recovery in crowd sentiment after weeks of extreme fear.
The combination of technical strength and improving sentiment suggests consolidation may be ending. On-chain alignment and growing optimism are historically linked with trend reversals.
The positive shift across these indexes highlights a potential foundation for continued upward momentum in the near term.
Whale Profitability and Retail Trading Activity Climb
CryptoQuant data confirms that Bitcoin has reclaimed the New Whales Realized Price of $112,788. This milestone indicates that large recent holders are now back in profit.
Whale accumulation remains steady, with old holders above 4.8 million BTC. This psychological shift often reduces selling pressure and supports long-term continuation phases.
Retail participation is also rising sharply, driven by activity on Binance Alpha 2.0. Daily trading volume has surged from $2.5 billion in May to nearly $10 billion in October.
However, the average trade size has fallen from $424 to $247, showing that smaller trades are increasing. This shift reflects stronger retail engagement, often a signal of growing confidence and broader market participation.
At press time, Bitcoin is trading at $113,123.10, reflecting a 1.23% daily decline and 0.02% loss in the past hour.
However, BTC remains up 1.93% for the week, holding above the $113,000 level. This suggests the market is consolidating after recent gains while maintaining its broader structural strength.
Overall, improving sentiment, whale profitability, and rising retail activity point to a constructive environment for Bitcoin.