Analysts Highlight Market Optimism and Bitcoin Whales’ Steadfastness

Experts observe “bullish” sentiment among retail investors and a lack of eagerness among whales to lock in profits, despite the price of the leading cryptocurrency nearing its ATH.

According to Santiment specialists, for every negative comment on social media about the market’s state, there are approximately two positive ones.

? With Bitcoin teasing its $112K all-time high the past couple days, retail has gotten bullish. There are more than double the amount of positive $BTC comments vs. negative across social media, the highest ratio since Trump was elected over 7 months ago. pic.twitter.com/kdb4ZtDwIq

— Santiment (@santimentfeed) June 11, 2025

“Bitcoin recently came close to its all-time high of $112,000 — against this backdrop, retail investor sentiment has turned bullish again,” analysts observed.

Their thesis is supported by the values of the cryptocurrency fear and greed index:

Whales Hold Off on Profit-Taking

CryptoQuant analyst known as Crypto Dan noted that most market participants show no inclination to “take” profits.

“Whales are not rushing to lock in profits at current levels and are likely waiting for higher prices — when the market overheats and a bubble begins to form,” the expert opined.

His colleague, known as Darkfost, similarly noted optimistic signals from “Binance whales,” adding that the behavior of large players “is surprising.”

? A strong bullish signal from Binance whales !

The behavior of Binance whales is quite surprising at the moment, as BTC has once again confirmed its resilience by holding above the $100 000 mark.

Typically, when Bitcoin approaches or surpasses its all-time high, Binance… pic.twitter.com/gjXlemDSP0

— Darkfost (@Darkfost_Coc) June 10, 2025

“When Bitcoin’s price nears or exceeds its all-time high, major players on Binance typically use this moment to lock in profits. This is accompanied by a noticeable increase in funds flowing to the exchange,” the expert explained.

He noted that during the local price peak in May 2024, “whale” inflows to the exchange exceeded $5.3 billion. Subsequent price extremes were accompanied by inflows of $8.45 billion and $7.24 billion, followed by short- and medium-term corrections. 

At the time of writing, Bitcoin is trading around $107,800. Since the beginning of the year, digital gold has appreciated by 15.45%, according to CoinMarketCap. 

Back in late May, analysts recorded a shift from accumulation to selling among Bitcoin whales.