I've noticed reports from major analysts indicating that selling pressure for BTC seems to have dried up. Willy Woo recently commented on Bitcoin Flow, showing that the outflow of capital is decreasing, which could pave the way for a consolidation phase or a rebound around the $70,000 level in the near future.

Currently, BTC is trading around $66,860, down 2.68% in 24 hours. Interestingly, the RSI at 42.25 suggests that overselling pressure is easing, although the downtrend remains. The nearest support level is at $67,555, with strong resistance at $68,866. Additionally, Bitwise's CIO believes that the recent decline was mainly due to long position liquidations, and leaders of some major exchanges have also confirmed weekly oversold conditions.

Positive signals are emerging: GD Culture Group announced it will use its reserve of 7,500 BTC to buy back shares ( worth billions of USD, roughly tens of billions of VND ) at current exchange rates. The second-largest bank in the UAE, with $272 billion in assets, is also showing signs of shifting into cryptocurrencies. BTC PERP increased by 8.40% from the bottom at $62,401, and the weekly candle has turned positive. It seems the market is searching for a bottom and preparing for the next recovery phase, which could extend into Q1/Q2 of 2027.