Overview
- Bitcoin climbed from about $89,800 to as high as $97,704 over seven days, marking a two-month peak.
- Sentiment readings diverged on Thursday, with some reports showing a 61 “greed” score and others a 48 “neutral” reading.
- The rally triggered the largest short-liquidation event since October 10 across the top 500 cryptocurrencies, Glassnode reported.
- Santiment identified a net drop of 47,244 non-empty wallets over the past three days, indicating reduced retail exposure.
- Bitcoin held on exchanges fell to roughly 1.18 million BTC, a seven-month low that typically lessens near-term selling pressure.