Bitcoin’s Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip

The speed of the sentiment flip matters more than the size of the move: positioning had leaned bearish, so a single session forced a repricing rather than a gradual shift, and the market now sits at roughly even odds instead of a clear direction. That symmetry is itself informative — it suggests conviction is thin on both sides, leaving the next leg dependent on whether follow-through appears. The open question is whether this reads as a genuine regime change or a squeeze that fades.