‘Deeply undervalued’ bitcoin faces continued bear market with no clear upside catalyst

"The Bitcoin market is in a state of awaiting institutional investment while facing selling pressure from long-term holders. As the article points out Bitcoin is seen as 'deeply undervalued', there are no concrete catalysts, making traders understandably cautious. With the ongoing expectation of bearish trends, market volatility remains a critical risk factor. Future dynamics may hinge on the unwinding actions of these long-term holders, potentially unleashing unknown forces that might encourage new capital inflows, acting as a psychological cushion for investors looking for a turnaround. It is essential for traders to observe the situation and craft strategies that adapt to current market conditions."