Part 10/12:
While the current environment appears bleak—big sell-offs, huge liquidations, and macroeconomic uncertainty—many analysts argue that these are healthy signs of a market bottom. The confluence of on-chain exhaustion metrics, historical parallels, and institutional behavior suggests that the worst may be over.
The broad consensus remains that we are still within a bull market cycle, with the current dip viewed as a temporary correction rather than the end of a bull run. This is reinforced by the fact that Bitcoin’s price has risen roughly fourfold since late 2021, and despite a recent sharp correction, the market's momentum remains resilient.