Bitcoin held above $80,000 after the United States backed away from threatening to attack Iran, while Brent crude fell by more than 2% and rate-hike odds declined by 0.6%. The macroeconomic improvement revived Bitcoin’s momentum, but the Fear and Greed Index dropped to 50, its lowest level since mid-September. Spot demand remains weak, as shown by the Coinbase Premium Gap falling to minus $118, increasing the risk of a reversal. A rise above $85,000 could trigger a major short squeeze, but the market still lacks sufficient buying pressure to confirm a sustained advance.
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