Last week, Bitcoin surpassed $70,000, but what's interesting is that this happened amid increasing bearish signals in the market. Several bullish indicators appeared. First, mining companies started selling their holdings. MARA Holdings sold over 15,000 coins, and there are reports that other mining firms sold all their production.

Altcoins like Ethereum, XRP, and Solana moved similarly, rising nearly 4% over the past 24 hours. It also seems to have been influenced by news related to President Trump, with the Nasdaq up 0.45% and the S&P 500 up 0.3%. When Bitcoin dropped to $60,000 in February, bearish traders were celebrating, but now the situation seems to be changing.

Famous bullish analyst Willy Woo came out saying Bitcoin could trade sideways for the next 8 to 12 years, which some interpret as a bearish signal. There was also news that Jeff Park became CIO of ProCap Financial. This company was one of the hastily formed Bitcoin financial firms in 2025, but its stock performance was lackluster. Whether breaking through $70,000 truly signals a bottom remains to be seen, but bearish signals continue to accumulate.