Bitcoin rebounded above $121,000 after briefly dipping below $120,000 overnight, reigniting optimism across crypto markets. Privacy coins like ZEC and DASH also posted notable gains, signaling renewed momentum.
On decentralized exchanges, traders leaned bullish, favoring out-of-the-money BTC and ETH call options. Analysts largely retained 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 bridging traditional and digital finance. Despite short-term volatility, macro liquidity, corporate adoption, and structural inflows all point to further upside.”
