I recently noticed an interesting observation from one of the leading market analysts about what is happening in the Bitcoin market these days. It seems that the sharp decline we experienced at the start of this bear cycle was very rapid, and this could set the stage for a potential upward move.

What’s noteworthy here is that investor capital inflows have resumed activity since mid-February, indicating a shift in market sentiment. Bitcoin is now trading around $77,680, and although it faced nearby resistance near $75,000, the underlying dynamics appear different from a few weeks ago.

Also striking are the volatility indicators in the stock market, which suggest a possible shift in sentiment toward "risk appetite." This means the market might be ready to test higher levels. Analysts monitoring these dynamics, like Wu who closely follows crypto markets, see a retracement toward $85,000 as entirely possible in the coming weeks.

But here lies the key point: this doesn’t mean we’ve reached the bottom yet. From a long-term liquidity perspective, Bitcoin is still in the middle of the bear cycle. Historically, after such rapid declines, the price usually undergoes a sideways consolidation period, then tests major resistance levels multiple times during the rebound process. This is the pattern we should watch closely in the coming weeks and months.