"According to analysts, there has not been a real collapse in Bitcoin."

Uncertainty Continues in the Bitcoin Market

Bitcoin briefly dropped to around $60,000, but quickly bounced back to around $69,000. However, derivative data indicates that the market has not yet experienced a real collapse bottom.

Price actions in derivative products reveal that Bitcoin futures are trading at a modest premium of about %4 over spot prices. This situation indicates that sharp discounts, which typically mark the bottoms of bear markets, have not been experienced.

In the bear market at the end of 2022, 90-day Bitcoin futures were trading at a discount of %9 compared to spot prices.