UK digital asset custodian Copper believes Bitcoin’s months-long slide is approaching its final stage, with market dynamics now resembling “late downtrend behaviour,” the phase that historically precedes major reversals. Copper, the London-based institutional crypto custodian founded by former UK Chancellor Philip Hammond, said in its Wednesday Opening Bell note that the mechanics driving Bitcoin’s decline have changed. According to the firm, the early part of the current downtrend was dominated by high sensitivity to ETF flows, redemptions reliably pushed prices lower. But that relationship has now broken down
source: https://beincrypto.com/bitcoin-price-in-late-downtrend-copper/