Analyst: Bitcoin's trend reversal requires a simultaneous increase in price and open interest, or a significant inflow of funds

ChainCatcher news, CryptoQuant analyst Axel Adler Jr stated that after experiencing a large-scale leverage washout, the market is still in a correction phase; the risk of cascading liquidations has fallen below peak levels. A short-term rebound is possible, but for a sustainable reversal to occur, prices need to grow in sync with open interest, or there must be a significant inflow of spot funds.