Just noticed something interesting on the on-chain data side. The Fear & Greed Index just had its 30-day average cross above the 90-day for the first time since May 2025, which historically tends to show up right before things get a bit more bullish. That's the kind of signal that usually precedes some positive price action over the following weeks, assuming the price structure holds up.

What's catching my attention more though is what the whale activity is telling us. Back in late November when BTC was getting hit, these large holders were dumping into exchanges like crazy, moving billions worth to sell. But now? The pace has slowed down dramatically to around $2.74 billion in inflows, which is roughly a third of what we were seeing before. That's a pretty clear shift. Whales aren't panic selling anymore, they're just sitting tight and waiting to see what happens.

Combine reduced whale selling pressure with sentiment actually improving and you get a picture of the market stabilizing. It doesn't mean we're guaranteed a rally or anything, but the combination of these signals suggests we might be heading into a consolidation phase with less downward pressure than we had a few months back. Worth keeping an eye on whether that 30-day average can actually stay above the 90-day though, because if it drops back below, it could mean the optimism is just temporary.