A strange piece of data is making the crypto market optimistic again

The behavior of large investors has begun to change again, as Bitcoin stabilizes above important support levels. Several analysts say this could be a sign of another stronger market move.

The crypto market closed a busy week: Bitcoin lost several important support levels, while investors are already preparing for the arrival of the new chairman of the US Federal Reserve. Jerome Powell is leaving after more than eight years, to be replaced by Kevin Warsh, which could bring major changes to the financial markets.

Bitcoin rose above $82,000 late last week after progress was made on the CLARITY Act regulatory bill in the US Senate. However, the rise was short-lived, as the price quickly slipped back below $80,000.

The mood deteriorated further earlier in the week, with BTC falling as low as $76,000, its lowest level since early May. Although the price later managed to recover, the market remains weak.

While most major cryptocurrencies ended the week in the red, the HYPE token performed exceptionally well. Its price rose more than 40% in a week and reached a new all-time high above $62. Alongside HYPE, ZEC was able to make a real splash this week thanks to the conclusion of a long-running lawsuit in the United States.

Bear market? Come on! This looks more like a bull market, according to data.

Bitcoin has been on a steady rise for the past 90 days, which analysts say is an unusually strong performance in a bear market. Some experts are already suggesting that the current movement is more like the start of a new bull market.

According to analyst Matthew Hyland, Bitcoin has been in an upward trend since late February. At that time, the price briefly fell below $60,000, before a spectacular rebound began.

Since then, BTC has risen to nearly $83,000, while also breaking through the important $77,000 resistance. According to Hyland, there has never been a bear market rally in Bitcoin history that has risen so steadily for nearly 90 days.

According to the expert, this is important because in previous cycles, similar technical breakouts have eventually turned into real bull market movements.

Of course, not everyone is convinced that the bear market is over. Several analysts believe that further confirmation, such as a sustained recovery of higher price levels, would be needed to talk about a real bull market.

The real turning point can only come above $88,000.

Although Bitcoin has risen dramatically in recent months after its February lows, some analysts say it is too early to say for sure that the bear market is over.

Popular analyst Filbfilb believes that for real consolidation, BTC would need to reclaim the $88,000-$90,000 range. He believes this is a key level that has previously signaled the end of bear markets.

The analyst is mainly watching the so-called “weekly supertrend” indicator, which is currently hovering around $90,000. This is a technical indicator that helps determine whether the market is in a long-term uptrend or downtrend.

According to Filbfilb, the previous two bear markets also turned into new bull markets when Bitcoin broke through this level with a strong weekly increase of more than 20%.

The last time Bitcoin closed above the supertrend was in November 2025. Since then, the price has tried to recover several times, but has not been able to break through permanently.

If the current weakness does not continue, a sudden and strong rise may occur in the coming months.

Bitcoin liquidity data could signal another surge

The Bitcoin price has successfully defended the support around $76,000 several times in recent days, which several analysts believe could be the basis for another rise

The RSI indicator is showing positive divergence, which often indicates that buyers are starting to regain strength. A so-called inverted head and shoulders pattern is also visible on the chart. This is a well-known technical pattern that can often signal an impending breakout.

The most interesting thing, however, is the liquidity situation.

According to CoinGlass, there are over $4 billion in short positions waiting to be liquidated above $80,000. This means that if Bitcoin breaks through this level, many shorts may be forced to close, which could cause an even faster rise.