Bitcoin Sentiment Turns Cautious as Key Signal Hints at Local Bottom
Key Highlights: The second-largest wave of profit-taking in 2026 alongside waning demand has pushed Bitcoin sentiment away from a bullish outlook. Analysts identify $80.5k—representing the invested capital cost basis—as a critical onchain support level keeping short-term bullish prospects viable. A shift in the Bitcoin long/short ratio relative to the altcoin market suggests a potential local ...