Alexander Blume: There is still room for Bitcoin rebound, short covering of volatility will provide momentum

Two Prime CEO Alexander Blume stated that there is still room for a rebound in Bitcoin, and short covering of volatility will fuel the upward trend. The current market funding rate is not overheated, and the inflow of spot ETFs and corporate buying constitute substantial support. Although the implied volatility has risen above 40, it is still low by historical standards, and the closing of call option sellers will accelerate its upward trend. If the macro environment is stable and BTC has bottomed out around $60000, the widespread pessimism in the market means that moderate positive news will have a more unexpected impact. (Source: CoinDesk)