Bitcoin staged a sharp rebound this week, climbing nearly 8% in a single day as ***** ysts pointed to signs that a local bottom may already be in.
Key Takeaways:
In a note released Tuesday, Bitfinex said the market is showing “seller exhaustion” following a period of heavy deleveraging and panic-driven exits by short-term holders.
“The combination of extreme deleveraging, capitulation among short-term holders, and early signs of seller exhaustion has created the conditions for a stabilisation phase and a relief bounce,” the firm wrote.

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