According to Crypto Rover (@rovercrc), despite a lot of positive news in the cryptocurrency market, the overall sentiment remains depressed. Notably, the USA has established a Strategic Bitcoin Reserve, which is a significant development. However, this has not yet translated into a positive shift in market sentiment.

According to ReetikaTrades, the current market squeeze is not leading to a bearish retest due to actual positive news. The trend is supported by the selling activity of older investors over the past months, who now feel underexposed after reading the recent news, suggesting a potential market reclaim and upward movement.

According to Greeks.live, the US trading session is currently dominating the release of positive cryptocurrency news, impacting both EU and APAC markets by causing them to engage in high-frequency trading without significant directional moves. This trend is challenging for EU traders due to time zone differences, as they face difficulties in capitalizing on the US-based news-driven price actions.