Bullish Sentiment Returns as BTC Nears $70K However Is it a Lure? 

Crypto markets have seen a uncommon inexperienced day with a 3.7% achieve in whole capitalization, which has elevated by round $120 billion to $2.43 trillion.

“Simply two days after the group was bracing itself with a $60,000 retest, Bitcoin is now on the verge of returning again above $70,000,” commented Santiment on Thursday.

“The bullish narrative has predictably returned,” and the group has begun to “flip into FOMO mode,” it added.

Bitcoin solely briefly tapped $70,000 earlier than retreating to $68,000 on the time of writing, so it could have been a bull entice.

🥳 Simply 2 days after the group was bracing itself with a $60K retest, Bitcoin is now on the verge of returning again above $70K. The bullish narrative has predictably returned. On this chart:

🟦 Excessive blue spikes point out main predictions of $BTC transferring decrease. When retail sells,… pic.twitter.com/ymoAhv4GD2

— Santiment (@santimentfeed) February 25, 2026

Bitcoin Bull Lure and Aid Rally

“Bitcoin has simply entered the ultimate bull entice of this cycle,” stated analyst Chiefy, who added that charts are “actually mirroring the 2022 chart proper now.” They predicted that BTC would dump to $44,000 in ten days.

A bull entice is a false bullish sign in buying and selling when an asset is in a downtrend, and the worth immediately rallies upward, displaying indicators of reversal, and luring in bullish merchants earlier than the worth resumes its downtrend, forcing them to promote. This rise in Bitcoin “is only a reduction rally,” stated CryptoQuant analyst ‘PelinayPA.’

She identified that the Fund Circulate Ratio, which measures the quantity of BTC flowing into Binance relative to the full held on the alternate, stays at a low stage of 0.012.

“A low ratio means fewer BTC are being despatched to the alternate. This weakens rapid sell-side provide stress,” she defined.

This setup might gradual the draw back momentum and “pave the best way for a reduction rally,” she added.

“Particularly, if the ratio stays low, any upward worth response may create the situations for a robust quick squeeze. In different phrases, be ready for a reduction bounce.”

Jane Avenue Go well with Ends Manipulation

Analyst ‘Bull Idea’ had a unique take. Since Jane Avenue was sued and manipulation stopped, the crypto market has added over $200 billion in simply 48 hours, they stated.

“For the primary time in two months, no relentless promoting has been seen for 2 consecutive days.”

“Whether or not it’s Jane Avenue always manipulating the markets,” or the “gamma play on choices,” or the correlation with the software program corporations which have been pushing down Bitcoin costs, “it doesn’t matter,” stated MN Fund founder Michaël van de Poppe.

“The present valuation of Bitcoin is extraordinarily low.”

The put up Bullish Sentiment Returns as BTC Nears $70K However Is it a Lure? appeared first on CryptoPotato.

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