Скептицизм инвесторов как катализатор для биткоин-революции Translation: Headline: Investor Skepticism as a Catalyst for Bitcoin Revolution

Investor skepticism regarding a resurgence of Bitcoin’s growth could serve as a catalyst for prices to bounce back to $126,000, according to CryptoQuant analyst Darkfost.

Often, a «phase of disbelief» emerges after a correction concludes, marking the onset of a new trend. Darkfost noted that this sentiment among investors is most evident in funding rates for derivatives. Over the past week, on Binance, which dominates the market segment, six out of seven days saw negative values.

The analyst believes this is linked to a large liquidation that occurred on October 11, which significantly undermined trader confidence. Since then, traders have adopted a bearish strategy, favoring short positions and avoiding the risks associated with a new correction.

“Paradoxically, the longer this disbelief persists, the greater the potential for explosive growth. If the current upward trend continues to strengthen, the increasing number of short positions against it may serve as powerful fuel for the next growth phase,” Darkfost emphasized.

Liquidation of these short positions could drive prices upward and trigger a short squeeze. In such a scenario, the rally could swiftly reach key liquidation zones around $113,000 and possibly $126,000. The analyst explained that significant volumes of orders are clustered at these levels.

He stated that this kind of model has played out at least twice in the recent past:

Experts from Glassnode have also noted the cautious sentiment among investors. They assessed that the first cryptocurrency’s drop from $115,000 to $104,000 last week forced many «weak hands» out of the market and triggered a defensive capital rotation.

Indicators suggest ongoing selling pressure. A decline in trading volumes on spot platforms and derivative markets signals diminished confidence and demand.

The rise in the supply held by short-term holders confirms the dominance of speculators, according to Glassnode. In this context, traders are shifting into «defense mode,» prioritizing capital preservation.

However, the inflow of funds into Bitcoin continues, likely from long-term investors with more confidence in their positions, as the experts pointed out.

“Overall, the market has readjusted, protection has been acquired, and positions have been cleared of debt. A rebound from the low is encouraging, but the structure remains fragile. Until confidence is restored, we should expect the trend to be dominated by caution,” the analysts concluded.

Recall that in mid-October, Glassnode specialists detected signals indicating a potential rise in Bitcoin’s price to $130,000.