Bitcoin Investor Sentiment: Unveiling the Paradox of Weakness Near All-Time Highs

Key Points

1. Retail sell pressure is notably high on platforms like Binance, contributing to subdued investor sentiment despite Bitcoin's high price.

2. The Coinbase Premium Index shows a lack of strong buying demand from U.S. institutional investors, while the Korea Premium Index has turned negative, indicating reduced retail demand in South Korea.

3. The $110,000-$115,000 price range is a critical support level for Bitcoin; holding this range could signal potential for an upward breakout.

4. A shift in weak investor sentiment could be triggered by macroeconomic clarity, favorable regulations, sustained Bitcoin Spot ETF inflows, or a decisive breakout above all-time highs.

5. Investors are advised to monitor key support levels and market signals rather than making decisions based solely on current weak sentiment.