Momentum Metric Turns Green
Bitcoin has been hovering just under $85,500, but Binance’s Taker Buy/Sell Ratio—which rises when aggressive buys outpace sells—just flipped positive at 1.008. The last time this gauge climbed past 1.1, BTC briefly broke $86 K, hinting another upside burst could be imminent.
A Short‑Squeeze Fuse Above $85K
CoinGlass derivatives data shows about $637 million in shorts sitting between $85,000 and $85,500. If BTC clears that range, forced liquidations could trigger a cascade of buy‑backs, turbo‑charging a rally.
Bitcoin’s Dominance Keeps Growing
While altcoins stagnate, Bitcoin’s market‑cap share has risen to 63.8 %, nearly 10 percentage points higher since January. The Altcoin Season Index reads 15/100, firmly in “Bitcoin Season,” implying capital continues to flow into the flagship asset.
Sentiment Looks Fearful—But Data Says Otherwise
The Crypto Fear & Greed Index sits at 29 (Fear), indicating traders remain cautious. Analysts point to tax‑day selling and refund‑fueled buying as noise that’s masking BTC’s strengthening on‑chain picture.
Macro Winds at Bitcoin’s Back
A softening U.S. dollar, pressured by fresh tariffs on Chinese goods, has renewed Bitcoin’s appeal as an inflation and currency hedge. Heightened geopolitical tension further feeds BTC’s “digital gold” narrative.
Technical Setup: Coiled Spring
On shorter‑term charts, BTC rests above an ascending trendline and the 50‑period EMA near $83,800. The RSI is neutral, leaving room for buyers if resistance breaks. A decisive close above $85,500 with solid volume could target the $86,400–$87,400 zone. Invalidation lies below recent support.
Bottom Line
Order‑flow metrics, looming short‑squeeze fuel, and rising dominance all whisper the same message: Bitcoin may sprint once $85 K falls. Traders who watch only price headlines risk missing the quiet groundwork being laid beneath the surface.
