Bitcoin Sentiment Rises Amid Gradual Whale Selling as Ethereum Shows Signs of Potential Altseason

Key Points

1. Bitcoin’s market sentiment has shifted into the 'Greed' zone, with the Fear and Greed Index at 2.77, indicating early bullish enthusiasm.

2. Wallets holding more than 1,000 BTC have reduced their holdings by approximately 447,000 BTC over the last year, with gradual selling supporting market stability.

3. Ethereum’s outperformance, evidenced by the rising ETH/BTC ratio, suggests it could soon experience accelerated gains, potentially igniting an altseason.

4. Bitcoin’s transition into a greed-driven market phase, alongside steady whale selling, indicates a balanced market dynamic.

5. Historical patterns suggest Bitcoin could maintain levels above $100,000, with potential for further growth.