"Bitcoin's Pullback Indicates Market Bottoms"

Bitcoin Pullback Signals Market Stress

Bitcoin has entered a pullback phase, with its three-month annualized rate dropping to approximately 4%. This situation indicates a notable level of stress in the derivatives market.

Previous pullback periods occurred in November 2022, March 2023, and August 2023, and these time frames generally coincided with major or local market bottoms. This reinforces the idea that pullback structures often emerge at points of capitulation.