Bitcoin Regains Momentum as Top Traders Turn Bullish Again - November 1st Week

Last week, professional trader positioning proved remarkably accurate. While many expected a continued rally, high-margin accounts stayed cautious — correctly anticipating a sharp pullback toward $105,000.

Now, sentiment among these experienced traders has shifted. Positioning data shows they are once again turning optimistic, expecting Bitcoin to rebound toward recent weekly highs and potentially push higher in the near term.

Retail traders, by contrast, appear uncertain and largely neutral. Their hesitation typically signals a transitional phase in market sentiment — often occurring just before larger moves begin to unfold.

Short-term momentum models remain in bearish territory but are starting to stabilize, suggesting that selling pressure may be losing intensity. On the weekly scale, trend gauges are still under pressure, yet early recovery signs are appearing as Bitcoin hovers around the $110,000 area.

Adding to the potential shift, several short-term reversal models are on track to issue fresh buy signals in the coming days — both for Bitcoin and Ethereum. Historically, such synchronized setups across major assets have preceded multi-day rebounds.

Ethereum’s structure currently appears slightly stronger than Bitcoin’s, but as always, sustained upside for the broader market will likely depend on Bitcoin’s ability to lead.

Bottom line: After correctly calling last week’s drop, top traders are now positioning for a rebound. If Bitcoin can hold above $110,000 and confirmation signals emerge mid-week, a new short-term uptrend could be forming across the crypto market.