An analyst, @AxelAdlerJr, suggests that for the market to shift from risk-off to a more optimistic trajectory, multiple positive factors must align rather than a single isolated event. A stabilization or decline in U.S. Treasury yields is crucial for bolstering investor confidence. Additionally, the fear index should narrow down to levels between 14 and 16, credit spreads need to tighten, and the upward momentum of gold should lessen, suggesting that safe-haven assets will no longer be the dominant force. This change impacts cryptocurrencies, where Bitcoin is expected to find a stable support around $100,000, spot ETFs should resume net inflows, and Bitcoin’s status as a high-beta asset could reassert itself.