According to CoinMeta, as reported by Coinpedia, Bitcoin has broken through $69,000 after experiencing the largest sell-off since 2014, with a daily increase of over 7%. According to data from VanEck, Bitcoin has shown 8 bottom signals, and the next resistance level is at $71,300. Recently, demand as indicated by BTC has turned positive for the first time, reaching approximately 25,000 BTC, indicating a weakening of selling pressure, which is historically associated with a median return of 18.1% within 60 days.