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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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Bitcoin's Deep Correction Sets Stage for December Rebound
Source: CryptoNewsNet Original Title: Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research Original Link: https://cryptonews.net/news/bitcoin/32097838/ Bitcoin’s recent slide may feel ominous, but research analysts suggest December could mark a turning point for the cryptocurrency. After its steepest correction since the last bear market, there is more evidence for a rebound than another collapse.
BTC has been weighed down by a wave of selling, much of it structural. Spot bitcoin exchange-traded funds (ETFs), which had been the market’s biggest buyers, turned into net sellers in November. Futures activity has dropped to a multi-year low, signaling traditional finance’s hesitation. Bitcoin’s price, meanwhile, has underperformed equities, reaching its weakest level against major stock indices since late 2024.
However, market analysts see a market that’s overreacting to distant threats while missing near-term signals of strength. “The case for material upside is far more plausible than an 80% drawdown repeat,” according to recent market outlook analysis.