The Market Approaches a Turning Point

🔲Following the October wipeout and a record $19 billion in liquidations, bitcoin has been consolidating within the $100,000–$106,000 band under persistent fear-driven sentiment. However, the retail capitulation phase was swiftly followed by renewed institutional activity, with large funds increasing exposure — a sharp contrast to behavior seen during previous crypto winters.

🔲Improving macro conditions, the return of regulatory operations after the shutdown, and rising ETF interest are creating a foundation for a potential market reversal. In this context, the current correction appears more like an accumulation phase than the start of a prolonged bearish cycle.