Bitcoin nears bull market threshold as analysts warn of potential long squeeze

Bitcoin is trading near $76,808, approximately $4,900 below the $81,700 level identified by CryptoQuant as a bull market indicator. While retail investors show interest, evidenced by a Fear and Greed Index of 66, institutional participation remains muted, as indicated by a negative Coinbase Premium. Analysts warn of a potential long squeeze due to exhausted price momentum and profit-taking by long-term holders, who have released significant supply between $77,100 and $80,200.