Bitcoin Shows Resilience Amidst Market Volatility

Despite recent declines, Bitcoin’s price remains above historical highs, offering a glimmer of hope amid mounting market turmoil. While some investors may be experiencing losses exceeding 25% over the past fortnight, experts suggest this decline could signal a potential market bottom. CryptoQuant analyst Darkfost highlights that short-term traders holding Bitcoin for one to three months have endured substantial losses in recent weeks, indicating a sign of capitulation. However, the current volatility is reminiscent of March’s performance, with Bitcoin experiencing its most severe slump since then.