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Has Bitcoin Hit Bottom? Market Signals Point to Potential Recovery

After a steep decline driven by global geopolitical tensions, Bitcoin (BTC) may have reached its lowest point in the current cycle, according to a new report from Bitfinex. The analysis points to historical trends, market behavior, and key indicators like Bitcoin’s Net Taker Volume as evidence that the worst of the downturn could be behind us.

The recent drop mirrors a typical 7% cycle median drawdown—consistent with a consolidation phase rather than a more severe market reversal. Despite the surge in selling pressure triggered by external conflicts, panic selling appears to have diminished, potentially clearing the way for institutional accumulation.

Bitfinex highlights that historically, low Net Taker Volume levels have often aligned with local BTC bottoms, supporting the case for a near-term rebound in Bitcoin’s price.