BTC rises 8% in a single day to reach $93,000—has the selling pressure bottomed out after deleveraging?

Question

[Crypto World] BTC’s recent surge has been quite strong, jumping 8% in a single day to reach around $94,000, and now it’s hovering steadily near $93,079. Some institutional analysts have pointed out that after $19 billion was squeezed out of the market during the major deleveraging event in October, the worst selling pressure has basically been released.

Since the November low of $82,000, the market has rebounded over 11%. With leverage levels dropping, the overall system’s fragility has also decreased, which is a positive sign for continued stabilization.

However, there is still debate—does Bitcoin’s classic four-year cycle pattern still hold true in the current environment? The market hasn’t reached a consensus on this issue. Some believe the cycle logic is no longer valid, while others insist that the broader framework still applies, with only the details evolving.

GhostAddressHunter · Accepted Answer

Has the selling pressure bottomed out? It's a bit early to say that. 19 billion dumped may seem like a lot, but institutions are still on the sidelines.

I stopped believing in the four-year cycle theory a long time ago; the environment has changed so much over the years.

GateUser-afe07a92 · Answer

Damn it, it went up again. My short position got liquidated again.

Selling pressure bottomed out? I don't think so, it still has to drop.

What's an 11% rebound? I'll wait until I cut my losses.

The four-year cycle thing is already outdated. Crypto is just a money game now.

Can't hold 93k? Get ready for a pullback to 82k.

This rebound is a bit too fast. Feels like there's another drop coming.

Deleveraging is a good thing, but more people are going to chase the top. Another round of retail getting rekt.

I really don't know if it's a selling pressure bottom or a bull trap. Either way, I'm already stuck.

System fragility reduced? Don't kid yourself. Next time it breaks, it'll be even worse.

ThreeHornBlasts · Answer

$19 billion injected, finally able to catch a breath

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This rebound is actually something, just worried it might be another bull trap

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Four-year cycle? That’s long been broken, now it’s all about institutions playing the game

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93,000 has been stuck for so long, feels like there’s more turbulence ahead

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Deleveraging is done, that’s good, at least we don’t have to worry about a sudden overnight crash

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An 11% rebound sounds like a lot, but can it be sustained...

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More and more people are saying the cycle theory is invalid, but I still trust on-chain data

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94,000 touched and immediately pulled back—is there really confidence?

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Lower system fragility = time for capital inflows? Or am I overthinking it

MerkleTreeHugger · Answer

Has the selling pressure bottomed out? Bro, you’re speaking too soon. After just squeezing out 19 billion, you’re already saying it’s basically all released. Next time there’s a crash, there’ll be another round.

Is the four-year cycle still relevant? That’s a good question. Anyway, I don’t believe in it anymore. All these patterns are just hindsight analysis.

Can it hold around 93,000? That’s the real key—otherwise, it’s all meaningless.

OnChainDetective · Answer

nah, 190B squeezed out? transaction patterns suggest way more liquidity still sitting in exchange wallets... histogram's looking sus if you ask me