Core Viewpoint - Bitcoin is experiencing a significant price correction, having dropped nearly 45% from its October 2025 peak of $126,210, now stabilizing around $68,500, indicating a shift in market dynamics as it matures into a macro-sensitive asset [1] Group 1: Market Sentiment and Predictions - Analysts are considering two frameworks: a short-term technical rebound due to trapped bearish bets and a long-term view influenced by tightening liquidity and high interest rates, which will affect investment strategies [2] - Prediction markets show a 44% probability that Bitcoin will rally to $84,000, a notable increase from 24.8% just last week, indicating a shift towards bullish sentiment [3] - In contrast, Ethereum has only a 30% chance of rising to $3,000, reflecting skepticism towards altcoins [4] Group 2: Potential for Rebound - Some analysts suggest that a short squeeze could drive an immediate rebound, as overcrowded bearish positions may lead to a sharp upside movement [5] - The expectation is that as Bitcoin's price stabilizes, a "pain trade" could occur where trapped shorts are forced to cover, potentially leading to a rapid price increase [6] - Market structure indicators, such as whale accumulation and the percentage of supply in profit, suggest that the sell-off may be slowing down [6]