Bitcoin has rebounded near the average price of institutional investors formed after the approval of spot ETFs, leading to an analysis that this price level is acting as a major support line. On-chain analyst CryptoDan stated in a CryptoQuant contribution, "This cycle is structurally different from the past. While it's too early to conclude that a bottom has formed based on some indicators, the large-scale influx of institutional funds through spot ETFs is a variable that was not present in past cycles. Therefore, it is necessary to consider the possibility that the current downtrend may unfold differently from the past and position accordingly. In the short term, we need to carefully observe the depth and scale of any corrections or pullbacks that occur after this rebound concludes. A dollar-cost averaging strategy may be effective during significant correction periods."
