Bitcoin recently experienced a notable rebound, rising nearly 8% in a single day, suggesting a potential market bottom after recent downturns. Analysts believe this surge is due to decreased leverage and capitulation among short-term traders, creating conditions for stabilization and a ‘relief rally’. Bitfinex analysts report that the market has entered a phase with reduced leverage, reducing the risk of a sudden sell-off. This followed a sharp decline earlier in October, which erased about $19 billion worth of leveraged positions and triggered a broader crypto sell-off that pushed Bitcoin’s price to near $82,000 on November 21st. While Bitcoin is down 11.72% over the past 30 days, the market’s current framework, with a reduced risk profile, suggests potential for more stable consolidation.