Bitcoin's Recent Surge Seen as Temporary Correction, Not Bull Market Signal

According to ChainCatcher, Matrixport's daily analysis highlights Bitcoin's recent rapid rebound. Independent analyst Markus Thielen suggests this is a temporary correction following sentiment indicators reaching extreme levels, rather than a sign of a new bull market. A month ago, Bitcoin shifted from strength to weakness, leading to a significant pullback. Some investors attributed this to early holders selling off, overlooking substantial changes in holding structures, leverage levels, and capital flows since summer. Analysts believe the current market remains complex with weak risk appetite, indicating that such rebounds are typically swift and substantial, and should be viewed as short-term trading opportunities rather than a trend reversal.