Positive signals and news supporting the rise

• Spot price rebound today. Bitcoin managed to stabilize and absorb the shock, rising back above $65,400–$65,900 today, Sunday, after touching a low of $62,000.

• Tight supply on exchanges. Bitcoin balances available for spot selling on trading platforms have fallen to their lowest levels in a decade, meaning the amount offered for sale is limited and withdrawals to private wallets for long-term storage are continuing.

• Cleaning the market of excessive speculation. Analysts at Asharq Bloomberg believe that the liquidation of billions of dollars in leveraged contracts is a “healthy purge” that removes high-risk speculators—a pattern that has historically preceded strong rallies (as happened in March 2020 and May 2021).

• Continued optimism among leading analysts and institutions. Despite the decline, prominent analysts such as Tom Lee (Chairman of BitMine) have maintained their long-term bullish outlook, attributing the current downturn to temporary factors (such as liquidity being withdrawn to participate in Anthropic’s IPO on November 19, and volatility in AI stocks), rather than to any weakness in Bitcoin itself.

• Resilience among long-term investors. Blockchain data shows that long-term Bitcoin holders have not capitulated or sold at a loss, unlike in previous bear-market cycles.

Conclusion: Economic news (interest rates and fund flows) is negative in the short term, but the network’s internal fundamentals and the activity of major investors offer positive signals that a price bottom may be forming, with a rebound likely once the economic storm subsides.