Was Bitcoin price drop to $75K the bottom? — Data suggests BTC to stocks decoupling will continue

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Coin Telegraph 13h ago

Was Bitcoin price drop to $75K the bottom? — Data suggests BTC to stocks decoupling will continue - Coin Telegraph

Quick Summary:

Bitcoin's high correlation with traditional markets tends to be short-livedWhile some analysts argue that Bitcoin has entered a bear market following a 30% price correction from its cycle peak, historical data offers numerous examples of even stronger recoveries.

Additionally, the near-zero BTC futures funding rate, relatively modest futures liquidations totaling millions, and the 1% stablecoin premium in China point to a strong likelihood that Bitcoin's price may have found a bottom at $75,000.

Bitcoin perpetual futures 8-hour funding rate.Source: Laevitas.chAdditionally, the $412 million liquidation of leveraged long positions between April 6 and April 7 was relatively modest.