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Bitcoin seeks to rebound following a wave of sell-offs, according to Matrixport., 2026/02/09 12:30:25
Bitcoin is making an effort to recover following a wave of aggressive sell-offs, which has intensified pressure on the cryptocurrency market, according to analysts at Matrixport.
Their assessment indicates that the recent decline in the price of the leading cryptocurrency resulted from a large-scale liquidation of traders’ positions. This triggered a cascading effect: passive selling in the spot market was compounded by forced liquidations in the derivatives segment.
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“In the short term, the technical potential for Bitcoin’s growth still exists. However, the sustainability of any potential rebound will depend not so much on the activity of institutional investors through hedge funds, but rather on a key factor — the influx of new capital into the market,” emphasized Matrixport.
Analysts noted that Bitcoin remains in a state of “recalibration” within the bearish cycle. Under these conditions, sharp price rebounds are possible; however, they typically tend to be short-lived and rarely extend further.
On-chain data also indicates ongoing instability. Demand remains sluggish, and structural accumulation is limited. Against this backdrop, the price of Bitcoin may continue to decline at an accelerated pace, the experts concluded.
Previously, Gary Broad, founder of the investment firm Deep Knowledge Investing, stated that the drop in Bitcoin’s price by nearly 50% from its all-time high is not indicative of a systemic crisis and falls within the bounds of typical market dynamics.
