🔮 Bitcoin’s Bottom Is Still a Question Coinbase Institutional and Glassnode are basically saying the mood has flipped before the market has fully proven itself. That matters: sentiment is improving, but the tape is still asking for confirmation, not applause. I think the bull case is real but fragile. On-chain tone moving out of fear, ETH’s supply shifting toward longer holders, and a broad view that BTC looks undervalued all suggest the market may be building a base, not a top. But 🧲 macro shocks and Middle East risk are the kind of outside forces that can invalidate a clean bottom fast; if BTC can’t hold its structure, the May seasonal weakness crowd suddenly looks less like noise and more like a warning. 👁️‍🗨️ My read: this is a battleground, not a victory lap, and the next few weeks should tell us whether optimism is finally earning its place. ⚠️ Personal analysis only. Not financial advice. DYOR. #BTC #Crypto #Macro