Bitfinex Report: Despite the market being severely impacted, there is still hope; if BTC maintains $110,000, a rebound may occur

ChainCatcher news, Bitfinex Alpha's latest analysis report points out that last week Bitcoin fell from above $126,000 to below $103,310, a decline of 18.1%, triggering the largest nominal liquidation event in cryptocurrency history. However, historically, such market sell-offs driven by liquidations often lead to a "mechanical" rebound. For Bitcoin, if it can recover and maintain above $110,000, it will confirm a transition into a stable phase and open up a rebound target around $117,000 to $120,000; conversely, if it fails to do so, it may face a retest of the $100,000 price area.