TechFlow News: On March 8, on-chain analyst Willy Woo posted on X stating that although Bitcoin encountered local resistance near $75,000, investor fund flows have been steadily recovering since mid-February. Meanwhile, the stock market’s expected volatility index—the VIX—is signaling that market sentiment may shift toward “risk-on” over the coming weeks. Willy Woo noted that Bitcoin’s decline early in this bear market occurred “too rapidly”; the current market environment is now setting the stage for a price rebound to test approximately $85,000—the short-term investors’ cost basis—though this does not imply the market has bottomed out. From a long-term liquidity perspective, Bitcoin remains in the mid-phase of a bear market; historically, after similarly rapid declines, prices typically enter a consolidation phase before testing key resistance levels multiple times during the subsequent rebound.
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