📊 Bitfinex Report: Bitcoin's Temporary Bottom Considered as Market Rebounds 📈

🔍 Bitcoin Recovery Analysis: Bitfinex's latest Alpha Report analyzes #Bitcoin's recent recovery and assesses whether the coin may be approaching a temporary bottom. The report shows a significant 28% increase from #Bitcoin's recent low of $49,000, surpassing $60,000 after a sharp sell-off in August.

✅ Key Metrics:

🟢Mayer Multiple: Drops to 0.88, a level not seen since the FTX collapse, indicating serious market conditions.

🟢Short-Term Holder Actual Price: Currently at $64,860.

🟢Short-Term Holder MVRV Ratio: Shows the largest unrealized loss since 2022.

🧩 Market Sentiment: The report highlights deep bearish sentiment and stress among short-term investors, which often indicates temporary bottoms. This data suggests a potential stabilization and turning point in the market.

🏛 Economic Context: The US economy remains resilient with lower jobless claims and rising wholesale inventories. A recovery in the services sector and stable bad debt ratios support economic growth, while major financial groups like Blackrock continue to expand in the digital asset space.

💬 What do you think about #Bitcoin's recent recovery and the possibility of a temporary bottom? Share your thoughts in the comments below.

🔗 Read more link https://t.me/cryptoanalysisvn/1/1990 #Bitfinex #bitcoin #btc #MarketDownturn $BTC