I've noticed that Bitcoin has recently rebounded, but an analyst from CryptoQuant made an interesting point. The current movement is actually just the beginning of the true bottoming process. Their analysis suggests that around $59,000 could become the medium- to long-term bottom range.

What's important here is that this process isn't expected to end quickly; in the basic scenario, it’s predicted to take about six months. In other words, the current rise isn't a sign of market stability but rather the start of a correction.

They also mentioned that for a true bottom to be established, it’s not enough for sentiment to simply recover; the market must begin to reassess long-term real demand. It still seems to take time before physical buying fully returns. Instead of getting overly excited about short-term rebounds, it might be more important to watch this long-term correction process unfold.