Santiment Analysts Predict Continued Bitcoin Rally

Based on sentiment analysis, Santiment analysts have concluded that many community members are confident in the continued growth of the cryptocurrency market.

? In a solid start to crypto’s week, Bitcoin reached as high as $88.5K for the first time in 17 days. Ethereum also jumped above $2,100 for the first time in 14 days. Comments across social media are becoming quite positive, indicating many expect this rally to continue. pic.twitter.com/3w3ZCs512n

— Santiment (@santimentfeed) March 24, 2025

“The crypto week started confidently: Bitcoin rose to $88,500 for the first time in 17 days, and Ethereum surpassed $2,100 for the first time in 14 days. Positive sentiment is growing on social media, with many expecting the rally to continue,” the experts wrote.

Cascade of Liquidations on the Horizon?

CryptoQuant analysts have warned that the current market recovery is associated with high leverage.

BTC Market Alert: Leverage-driven pump

“Open Interest (OI) hit record levels above $32B as BTC price surges near $87.5K.

But here’s the catch: High OI + Rapid Price Increase = Risk of Liquidation Cascades!” – By @IT_Tech_PL

Full post ⤵️https://t.co/BzEOKHgPLI pic.twitter.com/DHL0MGedSR

— CryptoQuant.com (@cryptoquant_com) March 24, 2025

“Open Interest (OI) reached record levels above $32 billion as Bitcoin’s price surged to $87,500. But here’s the catch: high OI + rapid price increase = risk of liquidation cascades!” the researchers emphasized.

No Cause for Panic

David Puell, an analyst at investment firm ARK Invest, expressed confidence that there is no reason for panic among holders of the leading cryptocurrency.

Excluding 2025, all bitcoin yearly exchange outflow cost bases since 2020 were below price, suggesting strong support below.

From 2020 to 2024, bitcoin’s cost basis fluctuated within a range of $36,280 and $69,494, suggesting healthy unrealized profits and low incentive for the… pic.twitter.com/hNduTZmagO

— David Puell (@dpuellARK) March 11, 2025

The expert noted that since 2020 (excluding 2025), the cost of digital gold exchange outflows has been below market price, “indicating a strong support zone.”

“From 2020 to 2024, Bitcoin’s cost basis fluctuated within a range of $36,280-$69,494, indicating significant unrealized profits and a low likelihood of further market panic at this stage,” Puell explained.

In his view, market sentiment could significantly improve if the price of the leading cryptocurrency firmly establishes itself above the 200-day moving average.

At the time of writing, Bitcoin’s price is trading around $87,400. Over the past seven days, the asset’s growth has exceeded 5.6%, according to CoinGecko. 

Earlier, Matrixport specialists predicted the end of the correction in the leading cryptocurrency in March or April.