🐦 No reversal should be expected, but things are not so bad

The BTC market is currently going through a key phase of the cycle:

• The maximum seller pressure phase is almost over
• But a full upward reversal has not yet occurred

Panic and forced sales are gradually subsiding, but demand is still weak and unable to turn the market around.

We are in a transition phase: not the bottom, but not an endless fall either.

• Demand for BTC remains negative
• Most participants are still selling at a loss

Historically, the market goes through one more stage before growth — accumulation.