Bitcoin currently trades at $109,441, showing signs of a potential reversal as fear sentiment nears extreme levels. The Crypto Fear & Greed Index reads 33, approaching the critical 25 mark that previously aligned with local bottoms. Short-term holders still retain 36% of their supply in profit, but analysts expect further downside to shake them out. Historically, such flushes have coincided with strong accumulation zones and a reset in short-term holder profitability under 5%.