K33 Research, a Norwegian crypto firm, suggests a Bitcoin rebound in December after its recent downturn, citing derivatives positioning and historical metrics.
The anticipated rebound highlights the ongoing volatility in cryptocurrency markets, reflecting potential investment strategies as institutions prepare for future movements.
Bitcoin’s recent deep correction suggests a possible December rebound, according to K33 Research findings.
K33 Research suggests Bitcoin’s deep correction is concluding, paving the way for a potential December rebound. The institution highlights derivatives positioning and on-chain metrics as key indicators. Historically, such setups have prefaced positive price movements.
Bitcoin’s December Rebound Driven by Derivative Signals
K33 Research, a former Arcane Crypto entity, leads this forecast. Their “Ahead of the Curve” reports provide detailed analyses, suggesting BTC’s current phase resembles past correction cycles rather than an imminent market collapse.
November Spot Selloff Marks Market Overreaction
The November drawdown in Bitcoin was marked by spot-driven corrections and derivatives deleveraging. Institutional interest, as seen through ETF outflows, reaffirmed the oversold status according to K33’s findings.
K33 notes the macro/derivatives market adjustments and not regulatory factors drive the current landscape. The research indicates potential institutional opportunities at lower BTC prices, underpinned by Kapitulation and on-chain data analysis.
Current Correction Mirrors March 2020 and Mid-2021 Cycles
The current correction resembles the March 2020 COVID crash and the May-July 2021 leverage flush, both followed by significant recoveries. K33 equates the current setup to past panics with recovery potential.
Experts such as Arthur Hayes view big Bitcoin drawdowns as cycles offering opportunities when macro conditions improve. K33 echoes this sentiment, marking the current phase as a deep value zone akin to past recoverable corrections.
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