BTC selling pressure eases, suggesting potential for market rebound

Bitcoin's selling pressure is subsiding, raising the possibility of a subsequent market rebound. According to Cointelegraph, crypto analytics firm Swissblock analyzed that a recent sharp decline in a risk-off indicator suggests that selling pressure on BTC has eased and the market has moved past its capitulation phase. The firm noted, however, that there is a possibility of one more, relatively weaker, wave of selling. This would typically signal seller exhaustion, paving the way for a bullish market reversal. Cointelegraph also added that a potential U.S. Federal Reserve interest rate cut and liquidity injection in December could benefit risk assets, including cryptocurrencies.