Retail investors are beginning to buy Bitcoin again, signaling a shift in market sentiment.
The crypto market breadth has improved, with 157 of the top 200 cryptocurrencies showing an uptrend.
The altcoin season index indicates many cryptocurrencies have turned positive, although it has slightly decreased due to Bitcoin's price surge.
The Bitcoin short-term holder realized price has increased, suggesting recent buyers are now in profit, which may lessen selling pressure.
Currently, 52 out of the top 152 cryptocurrencies are above their bull market support band, indicating a notable trend shift.
Our interpretation: The combination of rising retail and ETF buying, along with the upward movement of the Bitcoin short-term holder realized price, suggests a potential transition to a new bullish phase in the crypto market, which could enhance demand for Bitcoin and altcoins amid supportive macroeconomic conditions.

