#BTCRebound

Trade Tensions: Escalating trade tensions between the US and China, with both countries imposing significant tariffs, are contributing to market volatility in both traditional and cryptocurrency markets.

* Whale Activity: Despite market uncertainty, large Bitcoin holders (whales) have moved approximately $3.6 billion worth of BTC into accumulation addresses, suggesting potential confidence in Bitcoin's future prospects.

* Seller Exhaustion: On-chain data indicates a potential "seller exhaustion," as the magnitude of realized losses during recent price drops has decreased, which could signal the end of the downtrend.

* New York Bill: A new bill has been introduced in New York that proposes legalizing cryptocurrency payments, including Bitcoin, for state agencies.

* Bitcoin Hash Rate: Bitcoin's hash rate has reached unprecedented levels (1 zeta hash per second), indicating strong network