Sentiments around Bitcoin fluctuate between the confidence of large investors and the anxiety of retail buyers as the price tests important levels. Here are the main trends: Large institutional players continue to buy, despite the drop to $89K. Pension accounts are actively purchasing BTC, viewing this as a "strategic entry point." Uncertainty around the Fed's policy and low liquidity hinder a quick recovery. Actions by the U.S. government regarding cryptocurrency raise concerns about surveillance. Details 1. Cryptonews: Pension accounts buy on the dip – positive "The recent drop in Bitcoin's price has led to an increase in demand for crypto pension accounts, especially Bitcoin IRAs... considered a strategic entry point." – Cryptonews ( November 19, 2025 ) Original article What it means: Positive for BTC, as the influx of funds into pension accounts indicates long-term holding of coins, reducing the number of coins in circulation. Furthermore, such accounts have tax benefits and lock up coins for years. 2. Cointelegraph: Futures traders hold positions – neutral "The Bitcoin derivatives market remains stable... the annual premium on futures holds around 4% above the spot price — slightly below neutral levels, but not negative." – Cointelegraph ( November 20, 2025 ) Original article What it means: Neutral for BTC, as the persistent futures premium indicates hedging by institutional investors, and the absence of backwardation ( shows that there is currently no panic or capitulation. 3. AMBCrypto: Fed uncertainty slows recovery – negative "Bitcoin's recovery remains in question against the backdrop of uncertainty about Federal Reserve rate cuts and liquidity shortages in the market." – AMBCrypto ) November 20, 2025 ( Original article What it means: Negative for BTC in the short term, as reduced liquidity increases volatility, and the delay in the U.S. employment report creates uncertainty in policy, which traditionally weighs on risk assets. 4. Yahoo Finance: Government wallet activity – negative "On November 20, analytics firm Arkham reported that 'the U.S. government transferred 1.56 SRM to a new wallet'... this is one of three movements of crypto assets on that day." – Yahoo Finance ) November 19, 2025 ( Original article What it means: Negative for market sentiment, as government test transactions often precede large asset movements, reminding traders of the potential ) billions in BTC that could hit the market. Conclusion Overall sentiment on Bitcoin is mixed: institutional investors continue accumulating while retail buyers experience anxiety, and the price consolidates around $89K. Long-term holders see the drop as a buying opportunity, while traders closely monitor signals from the Fed and actions from government wallets. It is important to watch the futures premium over 30 days — a sustained excess of 5% may indicate institutional confidence in an upcoming rise.