Matrixport: The Bitcoin rebound is a corrective one and does not indicate the start of a bull market

Matrixport released a daily analysis indicating that Bitcoin's recent rapid rebound is a phase correction after sentiment indicators fell to extreme levels, rather than a signal of a new bull market, according to independent analyst Markus Thielen.

A month ago, Bitcoin experienced a significant correction after shifting from strong to weak, with some investors attributing it to early holders selling off, while overlooking the substantial changes in position structure, leverage levels, and capital flows since the summer. The analysis suggests that the current market remains in a structurally complex environment with weak risk appetite, and such rebounds are typically fast-paced and large in magnitude, should be viewed as short-term trading opportunities rather than trend reversal points.