The Bitcoin price action has been quite outstanding going into the weekend, reflecting the optimistic market local weather over the previous week. According to blockchain analytics agency Santiment, right here’s how totally different teams of traders and market individuals are reacting to the latest bullish momentum and the way it might influence value over the approaching weeks.
Can BTC Reach A New 6-Figure High?
In a latest put up on the X platform, Santiment revealed that there was a optimistic shift within the temper of Bitcoin traders within the crypto market. This burst of optimism got here on the again of the premier cryptocurrency’s run to above the $95,000 degree for the primary time since February 2025.
Santiment shared that the joy and FOMO (worry of lacking out) within the Bitcoin market are predictably at their highest degree in 2025. Specifically, the extent of greed throughout varied social media platforms seems to be climbing considerably, reaching its highest degree for the reason that election of Donald Trump as US President.
On-chain knowledge from Santiment reveals that the ratio of positive commentary to destructive commentary concerning the Bitcoin value is 2.1 bullish posts to 1.0 bearish posts, reflecting the optimistic and grasping state of the market. As a end result, the analytics agency expects the flagship cryptocurrency to be quiet over this weekend.
Source: @santimentfeed on X
This sluggish and doubtlessly destructive value motion over this weekend is related to the retail merchants who’re more likely to guide earnings across the present value. However, if the retail traders proceed to promote their property, Santiment famous that the whales (massive traders) would possibly mop up the bought cash.
According to the blockchain agency, the shopping for exercise of the whales may very well be bullish for the Bitcoin value, pushing the market leader toward a six-figure valuation. “If they sell here because they think we are seeing a top, whales would likely scoop up those coins and potentially push Bitcoin above $100K in the next 1-2 weeks,” the put up learn.
Furthermore, Santiment postulates that the probability of reaching a neighborhood prime across the present value is determined by the investor sentiment (the crypto crowd’s degree of worry and greed) or the decoupling of Bitcoin from the US equities market. Hence, listening to sentiment-related metrics might assist present perception into the following transfer for the Bitcoin value.
Bitcoin Price At A Glance
As of this writing, the value of BTC stands at round $94,546, reflecting an over 1.5% enhance up to now 24 hours.
The value of BTC on the day by day timeframe | Source: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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