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CryptoIntelligence 2025-07-02 06:27:46

Crypto Market Sentiment Remains Strong Despite Bitcoin Dip to $105,500

Bitcoin’s price has dropped nearly 2% to around $105,560 over the past day, but market sentiment remains relatively strong. The Crypto Fear & Greed Index registered a score of 63 on Wednesday, down just one point from the previous day, indicating continued market confidence. Bitcoin had nearly reached $108,000 on Tuesday before sliding into a short-term correction. Analysts are closely watching to see if the cryptocurrency will retest its all-time high of $111,970 set on May 22. Historical Trends Cast Shadow Over Q3 Analysts have flagged the third quarter as historically slow for Bitcoin. “From the historical data, this quarter is generally the slowest out of all, for both $BTC and $ETH,” said trader Daan Crypto Trades. Since 2013, Bitcoin has averaged just a 5.47% gain during Q3. If the trend continues, Bitcoin could rise to about $111,000 by September 30. Daan attributes the slower performance to “slower summer months where there’s generally less action, volumes [and] liquidity.” Q2 Outperforms Averages Bitcoin delivered a solid second quarter with a 31% gain, ending at $108,383—about 4% above the historical Q2 average of 27% since 2014. June also saw the asset print its highest monthly candle. Despite short-term volatility, Bitcoin continues to dominate the crypto market. Its dominance stands at 65.5%, up nearly 13% year-to-date, according to TradingView. Meanwhile, CoinMarketCap’s Altcoin Season Index stands at 20 out of 100, suggesting it is still Bitcoin’s market. However, CryptoQuant’s head of research Julio Moreno noted a waning bullish signal. “Bitcoin Bull Score is in NEUTRAL territory now–50. Needs to be 60 or above for prices to sustain a rally,” Moreno said.

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