Odaily Planet Daily reports that K33’s latest analysis indicates that Bitcoin has entered the most extreme weekly oversold zone in history after experiencing consecutive months of selling pressure. Previously, the selling pressure mainly came from long-term holders and institutional investors, but recently this selling pressure has begun to ease, showing signs of market stabilization. K33 points out that historical data shows that after similar extreme bearish cycles, Bitcoin often experiences a phased rebound. While it still takes time to form a bottom, the combination of extreme overselling, derivatives deleveraging, and the recovery of long-term supply all suggest a potential for a phased rebound. However, the options market shows strong bearish sentiment, with investors paying high premiums for downside protection. Negative funding rates indicate that the market’s deleveraging of longs or the establishment of short positions continues. (TheBlock)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC drops below 68,000 USDT
Gate News bot message, Gate market display, BTC drops below 68,000 USDT, current price 67,985.2 USDT.
CryptoRadar1h ago
Bitcoin Death Cross Appears on Three-Day Chart, What Could Follow? - U.Today
Bitcoin recently formed a death cross on the three-day chart, which historically precedes significant bear market declines. This pattern suggests the potential for further downward movement in the current cycle, echoing past trends since 2014.
UToday2h ago
Bitcoin and Ethereum ETFs Record Daily Outflows While Maintaining Weekly Gains
Gate News bot message, according to the March 6 update, Bitcoin ETFs recorded a daily net outflow of 1,697 BTC (valued at $116.94 million), while maintaining a 7-day net inflow of 13,014 BTC (valued at $896.69 million). Ethereum ETFs showed a daily net outflow of 3,185 ETH (valued at $6.34 million),
GateNews3h ago
$50,000 BTC in 2026: Bloomberg's Commodities Strategist Names Bitcoin "Young Bear" - U.Today
Bloomberg analyst Mike McGlone predicts a bearish outlook for Bitcoin and silver, forecasting both to decline to $50,000 and $50 per ounce, respectively. He attributes this to market mean reversion, geopolitical tensions, stock market volatility, and Bitcoin's historical ratio to silver.
UToday3h ago
