Bitcoin market sentiment is improving as taker flow turns positive after a month of seller dominance. Binance’s 7-day net taker flow has shifted from negative to positive, signaling a decline in sell-side aggression. The Crypto Fear & Greed Index hits record lows despite BTC price stabilization. Exchanges note early signs of stabilization as BTC tries to stabilize around $59,000.

New data from CryptoQuant shows a positive shift in Bitcoin market sentiment, with net taker flow turning positive for the first time in a month. Binance’s 7-day taker flow has recovered from negative to positive, indicating a decline in sell-side aggression. The Coinbase Premium Index suggests lower US spot demand compared to Asia.

Bitcoin’s price stabilization around $59,000 comes as market participants fear stagnation below $69,000. The Crypto Fear & Greed Index hits record lows at 5/100, signaling extreme fear in the market sentiment. The Coinbase Premium Index shows a reduction in the Premium, implying a moderation in US-led spot selling pressure. Market sentiment remains fragile despite the modest BTC price bounce.

Read more at Cointelegraph: Bitcoin Exchanges Point To “Early Signs” Of Recovery Amid Sentiment Crash