After a notable 8% price drop, Bitcoin experienced a shift in market sentiment from extreme optimism (greed) to cautiousness (fear). This change in investor behavior, evidenced by reduced short-term profit-taking and increased activity among long-term holders, highlights the market’s consolidation phase. The Crypto Fear & Greed Index now stands at 44, reflecting growing apprehension. According to Glassnode, a prominent analytics platform, institutional investors are actively buying around the $113,000 mark, demonstrating a shift towards less risky approaches. This market adjustment has implications for short-term traders who have seen reduced profit opportunities, while long-term investors are leveraging this opportunity to acquire more Bitcoin. Market experts like Michael van de Poppe at MN Trading Capital anticipate a consolidation phase, with a potential bullish breakout occurring once the price stabilizes above $113,000.