As Bitcoin Consolidates, Signs Point to Potential Bottom Amid Market Calm: Research
Research suggests Bitcoin may be nearing a market bottom due to price consolidation and stabilizing investor behavior.Summary
Following a sharp weekend selloff, Bitcoin has stabilized, with research from K33 indicating that its recent sideways trading between $60,000 and $75,000 suggests a potential market bottom. This stabilization is supported by mildly positive ETF flows since late February and an increase in supply held by long-term holders, signaling reduced selling pressure. K33 Head of Research Vetle Lunde noted that fewer investors are exiting positions below $100,000, anchoring prices. Although broader macro uncertainty persists due to rising oil prices and geopolitical tensions, the current environment is described as constructive, making the low $70,000 levels an attractive entry point for medium- and long-term investors. The article also briefly touches upon ongoing, indirect diplomatic efforts between the U.S. and Iran regarding conflict resolution and nuclear restrictions.
(Source：Bitcoin Magazine)