Investors are exercising caution and opting to stay on the sidelines due to prevailing fear and indecision in the market. According to Santiment, this sentiment is reflected in Bitcoin's on-chain metrics. Despite this, Japanese investment firm Metaplanet purchased 117.7 BTC as a hedge against the weakness of the local currency.

PEOPLE Coin Sees Significant Gains

Among the altcoins, PEOPLE Coin has seen the highest gain on Binance, increasing by nearly 30% to trade at $0.0370. If it closes above $0.039, its price may target $0.053 again. However, if sales continue at the current level, it may drop to $0.032 and $0.03.

PEPE Coin Predictions

PEPE Coin, which has erased one zero, is attempting to set a new ATH level. If it closes above $0.0000112, it may see new peaks up to $0.000015. However, if profit-taking begins, bears may push the price down to the $0.00000936 and $0.00000770 range.

FLOKI Coin Analysis

FLOKI Coin's price remains sideways, stuck between the $0.000159 support and resistance. If the key area is breached and $0.00020990 turns into support, bulls could make new peaks between $0.000261 and $0.000306. However, if the support area is lost, $0.000126 will be the last stop, and dips to $0.0000960 and $0.0000316 may follow.

In summary, investors are cautious due to fear and indecision, but some altcoins like PEOPLE and PEPE are seeing significant gains. FLOKI Coin's price remains uncertain, and the market's direction is still unclear.