I just noticed something interesting in the crypto market sentiment. After weeks of taking defensive positions, suddenly bullish bets on Bitcoin at $80k have become the most popular in derivatives. The change is quite noticeable: the price has already bounced from the $67k up to around $80k, so traders are clearly changing their minds.

What caught my attention is that it’s not just speculation. On-chain data shows that whales (wallets with more than 10k BTC) are accumulating again, something that hasn’t happened in months. Meanwhile, the temporary ceasefire between the U.S. and Iran has reduced pressure on oil prices, easing inflation concerns a bit. If the Fed starts cutting rates as some expect, that would be positive for risk assets like Bitcoin. The cryptocurrency market has historically responded well to this kind of scenario.

Now, Bitcoin is testing an important trend line from October’s highs. If it decisively breaks upward, some analysts see potential to reach the $100k by late June. But be cautious: the ceasefire is fragile, any escalation in Iran would again spike oil and could cool the crypto market quickly. Additionally, GDP data is coming out today that could generate volatility. For now, the momentum is bullish, but with caution.