Despite Bitcoin reclaiming and staying above the $100,000 milestone, the market sentiment remains lukewarm. Analysts point to the declining Advance Decline Index (ADI) of the top 100 crypto assets as a major reason for the market's neutral sentiment. The ADI tracks the difference between advancing and declining assets over time, and currently, the index continues to drop, signaling weaker performances from altcoins. Additionally, many investors who entered the market in 2021 have yet to see their portfolios recover, with most altcoins underperforming. However, market veteran Michael van de Poppe remains optimistic, noting that Bitcoin turning the $100,000 level into support again is a strong bullish signal. He believes that if Bitcoin breaks through $104,000, a new all-time high is within reach.



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