Crypto sentiment holds steady as Bitcoin drops to $105K
2025-07-02 04:20:49
Main Idea
Despite Bitcoin's recent price drop to around $105,000, crypto market sentiment remains strong, with the Crypto Fear & Greed Index indicating 'Greed' at 63 out of 100.
Key Points
1. Bitcoin's price dropped nearly 2% to $105,560, but market sentiment stayed strong, with the Crypto Fear & Greed Index scoring 63 ('Greed').
2. Analysts note that Q3 is historically a weaker period for Bitcoin, with an average return of 5.47% since 2013.
3. Bitcoin's Q2 performance matched historical averages, posting a 31% gain, but ended June with its highest monthly candle.
4. Bitcoin dominance is around 65.5%, up nearly 13% year-to-date, while the Altcoin Season Index indicates a 'Bitcoin Season' score of 20.
5. CryptoQuant's Bitcoin Bull Score Metric has declined to a neutral level of 50, suggesting a need for a score above 60 to sustain a rally.
Description
Despite Bitcoin’s recent price wobble and the start of the third quarter — historically its weakest — crypto market sentiment remains strong.
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