Bitcoin (BTC) pulled back on Friday as traders locked in profits following its surge to fresh record highs earlier this 0 this, market fear appears to be fading fast, as evidenced by Binance’s data, which shows Bitcoin’s emotional strength turning 1 could also mean that investors may be gearing up for another 2 Emotional Strength Hits Positive Territory Investor sentiment toward BTC is showing a decisive turnaround, according to fresh data from Binance, the world’s largest and most liquid cryptocurrency 3 the start of October, Binance’s composite psychological indicator, which tracks the relationship between market behavior, investor emotions, and confidence levels during sharp price movements, has recorded a steady 4 revealed that the current reading of 1.47 is a meaningful recovery from the negative territory seen in mid-September, which points to optimism and buying interest as BTC’s price moves firmly above its monthly moving averages.
Short-term momentum is particularly significant since the 7-day moving average of the indicator stands at 3.7. However, the 14-day (-3.91) and 30-day (-5.02) averages continue to reflect lingering caution as the broader market is still transitioning from fear to 5 divergence has been interpreted as an early-stage shift rather than a euphoric phase, which could imply that investor sentiment is strengthening but not yet 6 terms of market behavior, such rebounds in “emotional strength” often align with the beginning of medium-term uptrends, especially when Bitcoin maintains key technical 7 $120,000 mark has emerged as a critical support zone, where a reduction in volatility around the indicator’s moving averages could support market 8 data also points to a gradual re-entry of institutional players, who appear to be capitalizing on low selling liquidity across 9 could retest the $125,000-$130,000 range if the indicator maintains its current positive levels through 10 stable market conditions could potentially set the stage for the next leg of the ongoing bullish cycle without triggering excessive speculative 11 Blow-Off Top, No Cycle End?
Adding to this perspective, crypto analyst Ted Pillows said that Bitcoin’s market behavior may be undergoing a deeper structural 12 to him, the traditional four-year cycle, which was long considered a defining feature of BTC’s price history, might now be 13 points out the lack of euphoric, blow-off top price action that typically concludes each cycle, and argues that this absence reflects a more mature, liquidity-driven 14 expects global liquidity to increase substantially in Q4 2025 and Q1 2026, which could inject new capital into digital assets and extend the asset’s rally beyond its usual cyclical timeline.
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