Years pass, the numbers on the charts change, but crowd psychology stays the same.
Looking at the fresh data from CryptoQuant, I see a crucial shift: for the first time since the October 2025 all‑time high, Bitcoin demand has turned positive again. Moreover, interest has emerged both on spot and perpetual futures. Volumes are still timid, but if this trend holds over the next month, we'll be officially waving goodbye to the bear market.
🐋 Whales vs. Market Kamikazes
While panic reigned at the bottom and retail investors were dumping coins in fear, large wallets were methodically vacuuming up liquidity like clockwork. But as soon as Bitcoin bounced 18%, two classic categories of market kamikazes stepped into the circus arena:
Ideological shorters: Those who decided to bet against the emerging trend. The outcome is predictable — they're burning about a billion dollars a day in liquidations. This group is completely hopeless.
FOMO victims: Those who started aggressively buying at new, high prices. They still have a chance to profit, but only on one condition — if they have the iron nerves not to sell their BTC on the very first correction.