Today, the overall market is still weak, with Bitcoin fluctuating around $92,000. In the early session, it briefly dipped to around $90,000, and as of the time of this report, it has climbed back above $92,000, with a 24-hour decline of nearly 1%.
Interestingly, renowned analyst Tom Lee has called out at this position that "this round of decline may be close to a phase bottom," while Bitmine continues to buy BTC and ETH in batches, interpreted as some institutions taking advantage of the adjustments for medium to long-term positioning.
On the sentiment side, the short-term is still digesting panic, but from the behavior of funds, there are already some who view this wave of decline as a "reallocation opportunity." Whether it can truly become a bottom will depend on the cooperation of trading volume and macro news in the coming days.
