Bitcoin is currently trading in the 93–89K range, close to the levels seen in November. However, this time, technical indicators are not as concerning. When we were at the same price band last month, selling pressure from the US was much heavier—back then, fear dominated the market. The Coinbase Premium index has fallen to -0.12, putting pressure on retail investors to sell.

This time, the situation is different. Even though we are at the same levels, the flow and sentiment are forming differently. This indicates that Bitcoin can establish a more stable base in this region. Of course, market behavior can change rapidly, but the indicators are more moderate than last month—this is a development that will be reassuring for investors.