Bitcoin Slumps to Major Discount Amid Capital Outflows: Bitwise Insights

Bitcoin experiences a significant price drop, signaling a potential short-term rebound as capital flows decrease, according to Bitwise.

Bitcoin has recently shown signs of a significant discount, triggered by a surge in capital outflows following an unexpected plunge beneath the $75,000 mark. This dramatic shift in market dynamics has raised concerns among investors.

According to analysis from Bitwise, historical trends suggest that this current situation might pave the way for a potential rebound of around 10% in the near future. As traders and investors assess the evolving market conditions, the possibility of a short-term rally remains a topic of interest.