Bitcoin’s recent surge has been interpreted by some analysts as merely a temporary correction, not a sign of a bull market. Despite the rebound, experts such as Markus Thielen from ChainCatcher believe this rapid rise is likely due to extreme sentiment indicators, rather than a significant shift in underlying trends. A month ago, Bitcoin experienced a notable downturn after showcasing strength previously, prompting questions about its recent performance. While some attribute this decline to early holders selling off, others see it as a reflection of broader market dynamics. They point to changes in holding structures, leverage levels, and capital flows since summer as contributing factors. Overall, the current market complexity and cautious investor sentiment suggest that such rebounds are likely short-lived trading opportunities rather than an indication of a sustained trend reversal.