A strong belief in the upward price movement of a digital asset or market. This sentiment is often supported by fundamental analysis, positive news, or technical indicators suggesting sustained growth. Such conviction drives buying pressure, as participants anticipate future appreciation. It signifies a collective confidence in an asset’s long-term value proposition or short-term gains.
Context
The current market frequently observes bullish conviction around assets with strong technological upgrades or increasing institutional adoption. Regulatory clarity or the successful launch of new protocols often strengthens this positive sentiment among investors. Monitoring on-chain metrics and trading volumes can help gauge the intensity of this market stance.
Over $5.6 billion in Bitcoin and Ethereum options are expiring today, signaling heightened volatility and a crucial test of key support levels for both assets.
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