Crypto News: Crypto Market Sentiment Turns to ‘Greed’ as Bitcoin Eyes $125K Breakout

Key Takeaways:The Crypto Fear & Greed Index rose to 62 ("Greed") after BTC, ETH, and XRP posted modest gains.Bitcoin price climbed 1% to $114,298, regaining ground after a weekend dip to $112K.Ether (ETH), XRP, and Solana (SOL) also posted 2–3% daily gains.Analysts suggest a potential bullish breakout, with BTC targets as high as $125,000.On-chain data shows short-term profit-taking has cooled, supporting bullish momentum.Market Sentiment Rebounds as Bitcoin and Altcoins Post GainsCrypto market sentiment has flipped back to "Greed" following renewed price strength in Bitcoin (BTC), Ether (ETH), XRP, and Solana (SOL). The Crypto Fear & Greed Index climbed to 62 out of 100 on Thursday, recovering from “Neutral” after days of volatility.This sentiment shift coincides with a 1% price increase in Bitcoin, which is now trading at $114,298, according to Nansen data. The move follows a short-term correction from the recent all-time high of $123,100 seen in mid-July.Altcoins Join the ReboundThe broader market followed Bitcoin’s lead:Ether (ETH) rose 2.37% to $3,664XRP increased 2.14% to $2.97Solana (SOL) gained 3.26% to $167.38The price uptick is being interpreted by market participants as a signal of stability after recent choppy price action.On-Chain Trends Show Bullish Cooling-Off PeriodOnchain analytics platform Glassnode noted that profit-taking among short-term Bitcoin holders has slowed. This decline in selling pressure could create favorable conditions for another upward move.Short-Term Holders (STHs) — defined as those holding BTC for less than 155 days — often influence market volatility. A reduction in STH activity may support accumulation and price resilience.Analysts See Setup for Bitcoin BreakoutTechnical analysts are echoing the market’s bullish mood:Michael van de Poppe, founder of MN Trading Capital, said Bitcoin is consolidating near resistance and that this “test should likely bring the bullish breakout.”Crypto trader Ted predicted a near-term rally to $125,000, noting that such a move could trigger $18 billion in liquidations across derivatives platforms.Galaxy Trading compared current conditions to November 2024, when BTC rallied from $70K to $100K in one month following political events in the U.S.What Comes Next?If Bitcoin breaks past key resistance zones, traders are watching for a move toward the $120K–$125K range, especially as macro factors (such as Fed rate expectations) shift in crypto’s favor.However, some caution that such rallies often come with sharp pullbacks and increased liquidation risk in leveraged markets, according to Cointelegraph.