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According to Odaily Planet Daily, Vetle Lunde, head of research at K 33 Research, stated that while the rebound following last week's flash crash slowed on Tuesday, the current decline represents a "constructive correction" that will contribute to a healthy market reset. He noted that Bitcoin has stabilized after experiencing large-scale leveraged liquidations, and signs of a market bottom are gradually emerging.
Lunde stated in the report that leverage has been significantly reduced, and the BTC price range is attractive, suitable for gradually increasing spot positions. Meanwhile, favorable factors such as expectations of looser policies, rising institutional demand, and ETFs have combined to create a favorable market environment, but investors still need to remain patient. (CoinDesk)