Bitfinex analysis suggests Bitcoin is forming a bottom

Global exchange Bitfinex suggested in a recent analysis that Bitcoin's price is showing signs of bottoming out. The exchange pointed to several indicators, including extreme deleveraging, the capitulation of short-term holders, and seller exhaustion, where selling pressure rapidly diminishes. According to Bitfinex, these factors indicate that Bitcoin's price is entering a stabilization phase, creating the conditions for a short-term rebound. The analysis also noted that reduced market-wide leverage has lowered the risk of sharp drops from large-scale liquidations, leading the exchange to conclude that a local bottom may have already been formed.