#比特币价格走势 Looking back at October's sharp decline, it indeed exposed the fragility of the market's microstructure— the chain reaction of leverage liquidations is not fundamentally a sign of a collapse. Reviewing the data now, the signals of a solid bottom are becoming increasingly clear.

Spot ETF capital inflows have resumed, and institutions are taking contrarian positions amid panic, indicating that large funds' long-term logic remains unchanged. More importantly, the market capitalization of stablecoins is growing, which means that cautious funds are accumulating ammunition, waiting for the right entry point. Perpetual contract open interest is rebounding, companies are continuously raising BTC through ATM financing, and venture capital funds are bottoming out and rebounding... all these data point in the same direction.

Bitcoin has stabilized above $90,000, forming a bottom, and the liquidity quality after the bubble has been squeezed is improving. If these five major signals continue to strengthen into 2026, the probability of a mainstream upward trend is not low. The key is to learn to detach from panic, speak with data rather than being driven by emotions. When the market shifts from pessimism to rationality, it is often the window for strategic positioning.