Bitfinex Blog/
Bitcoin Hits The Line Between a Bull Market and a Bear Recovery
Bitcoin is in an early transition phase between a bear market recovery and a new bull market, with key on-chain metrics and demand engines (ETFs and corporate treasuries) showing signs of a transition.
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Read the original report at Bitfinex BlogWhy It Matters
The transition from a bear recovery to a bull market is a critical market structure shift that depends on continuous net buying from ETFs and corporate treasuries, and the ability of price to hold key support nodes.