Bitcoin recovered to over $121,000 after briefly falling below $120,000 overnight, reigniting optimism across crypto markets. Privacy-focused tokens like ZEC and DASH also saw strong gains, signaling renewed market momentum.
On decentralized exchanges, traders leaned bullish, favoring out-of-the-money BTC and ETH call options. Analysts largely maintained a constructive outlook.
Timothy Misir, head of research at BRN, said, “The market is coiling at elevated levels—calm, liquid, and quietly bullish. Institutional flows remain the backbone of this phase, with ETFs acting as a bridge between traditional and digital finance. Despite short-term fluctuations, macro liquidity, corporate adoption, and structural inflows all point to further upside.”
