Bitfinex Alpha analyzed in its latest report that despite MicroStrategy's (MSTR) large-scale Bitcoin sales, no selling pressure appeared in the market, suggesting that BTC may have started forming a bottom. The report stated, "BTC rebounded after hitting a cycle low of $57,803, and spot ETFs have also turned to net inflows for three consecutive trading days recently, indicating improved supply and demand. However, to confirm a macroscopic bottom, BTC needs to stably recover to approximately $71,500. Furthermore, the next 2-3 months could be a critical period to confirm whether a gradual bottom is forming."
