When Bitcoin exceeds $80k, the futures market shows signs of fatigue

• Bitcoin remains at a high value, but futures indicators have been declining since February 2025, indicating that traders are conservative.
• The Sentiment Index is close to the lowest level of support and predicts bearish expectations in the futures market.
• BTC prices fluctuate between $70,000 and $80,000, and analysts interpret this as market uncertainty.

Encrypted data reveals an unprecedented correlation between Bitcoin prices and sentiment in the recent futures market. The index was signed from November 2024 to February 2025, but Bitcoin exceeded $100,000. The indicator rose to a high level and then began to reject it to demonstrate that futures trading was the first indication of indecisiveness.

Since February 2025, emotions have been declining, keeping BTC prices in the $70,000-$80,000 range. The chart shows that the index is back to long-term support with an area of ​​0.4. Despite the robust price rise, this weakness in relative sentiment means that short-term price adjustments are likely ahead.

Future sentiment indexes are still declining from recent highs, offering a more prominent line of the charts. Some analysts attribute this to investor risk aversion or increased profit acquisition. Some other contributors to the decline in levels of trust in the derivatives market may be uncertainty in the regulatory environment or macroeconomic tensions.

Support and resistance levels provide emotional cues

Past emotional indexes are limited to a certain range, with resistance around 0.8 and support near 0.2. Current market values ​​are slightly above the level of support, suggesting that expectations from leveraged traders are significantly higher. These levels have played several roles in the past, but mostly pre-integration or even short pullbacks serve as low support.

Bitcoin surged steadily in the second half of 2024, but what has never been seen reflects sentiment shows the lack of sustainable support from institutional actors in the futures market. The lack of repeated purchases from this segment limits the possibility of further rises other than new triggers.

The average BTC price has been pulled back from recent highs and is in the integrated zone. The current range will expand between $70,000 and $80,000, based on further weakening of sentiment data. This range-bound behavior indicates that investors are in a waiting mode, large holders and funds.

Over $168 million Bitcoin leaving Antpool

The news comes from Antpool, the leading Bitcoin mining pool, double-selling 2,009 BTC in two consecutive transactions, bringing it to more than $168 million. The Whale Alert monitored these transactions. This monitored the first batch of 1,009 BTC starting with “3BHxy” and the second batch of 1,000 BTC from “3edgaj”. Neither of these wallets are connected to exchanges, leading to speculation as to whether the coins will be sold or not.

Such a move from the mining pool could trigger market alerts as it could indicate that miners are preparing to offload their positions.

This encourages concern given that this is when Bitcoin did not violate various resistance levels of $84,000. If such a trend continues, traders said BTC could return to below $70,000. However, if the price exceeds $84,000, the $90,000 opportunity can be considered under a strong bull.