“The Worst Is Behind Us”: Bitcoin Market Conditions Mirror FTX Bottom, Analysts Say

Market analysts are drawing striking parallels between current Bitcoin market conditions and the bottom observed following the FTX collapse in November 2022. Recent data suggests that the period of intense selling pressure may be subsiding, leading experts to believe that a local price floor has been established. Key on-chain indicators, including the Realized Profit/Loss ratio and long-term holder accumulation patterns, are showing levels of exhaustion similar to previous market cycle lows. Despite recent volatility, the stabilization of exchange reserves indicates that the panic-selling phase has likely concluded. Analysts note that while macroeconomic uncertainty remains, the structural health of the Bitcoin market has improved significantly. ‘We are seeing the same signatures of a market bottom that we saw during the FTX fallout,’ one senior analyst remarked, adding that the shift from distribution to accumulation marks a pivotal moment for price action. As Bitcoin continues to hold critical support levels, the consensus among market observers is growing: the most severe downward pressure is likely in the past, paving the way for a potential recovery phase in the coming months.

Source: ‘The Worst Is Behind Us’: Bitcoin Market Conditions Mirror FTX Bottom, Analysts Say