Bitcoin’s taker order volume has fallen sharply, mirroring early February’s trends. The long/short ratio at 1.42 reflects 58.6% long positions, suggesting widespread bullish sentiment. Additionally, the persistent positive funding rate reassures traders of a potential price increase.

Currently trading near 97,339 USD and under its 50-day moving average of 98,752 USD, Bitcoin seems to be consolidating. With ongoing bullish sentiment, traders should monitor fluctuations in the funding rate and long/short ratios for signs of market reversals or upward movements.