Analysis: Bitcoin trading near its all-time-high but investor sentiment weak

The Bitcoin unit price is near its all-time-high level yet Bitcoin is having difficulty maintaining momentum due to selling pressure from retail investors. Citing CryptoQuant data, Cointelegraph analyzed that retail sell pressure is particularly high on Binance. The Coinbase Premium Index, which shows the sentiment of U.S. investors, has been flat so far this month. Meanwhile, the Korea Premium Index has turned negative. This suggests continued selling pressure and a wait-and-see attitude from U.S. and Korean investors. However, the publication added that it is positive that Bitcoin is holding above the $110,000-$115,000 range. If it continues to stay above that level, an upward breakout can be expected.