Bitcoin reclaims the 61k mark! Has the bottom really formed🤔?

$BTC Last night, it broke through 62k in one go, surging from 60,082 to current levels in 24 hours, with $280 million in short positions liquidated across the market.

The most subtle aspect of this rebound is that "smart money" moved first.

Yesterday, the US BTC spot ETF ended a 10-day streak of net outflows, with a single-day inflow of $222 million.

Fidelity alone brought in $166 million. BlackRock is still selling, but it can't stop the overall shift.

The ETF went from "10 consecutive days of outflow" to "turning around and flowing in"—this signal is a hundred times more important than the K-line. Institutional money is coming in, and it's the first return after 10 consecutive days of outflows.

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📊 I've carefully studied several important data points:

➡️ MVRV dropped to 1.13, in historical bottom territory.
➡️ Rainbow chart entered the "death zone" for the second time; the last time was in 2014.
➡️ Realized price is $53,400, only 12% above the current price.
➡️ Long-term holder SOPR fell below 1, selling at a loss for the first time in three years.

Fidelity's macro director said power law support is at $58,237, and $60k is a psychological level. But he is cautious, noting a lack of macro catalysts.

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💡 My judgment:

The bottom area is likely forming. Historical indicators like MVRV, Rainbow chart, and SOPR are all pointing in the same direction. But—bottom area ≠ immediate takeoff.

Fidelity put it bluntly: "There may be a prolonged consolidation along the support line."

If you have a position, you can gradually add at this level, don't go all in. If you're empty-handed, the cost-effectiveness around $60,000 is improving. Keep an eye on whether ETF inflows can sustain, whether SOPR can return above 1, and when miner pressure will ease.

The bottom is walked out, not guessed.

👇 Let's discuss in the comments: Do you think this is a real bottom or just a rebound?

#比特币较1月峰值下跌44%