Bitcoin dropped to a four-month low of $76,700 on March 11, following a 6% weekly decline in the S&P 500 index and a significant downturn in traditional markets. Despite a 30% drop from its all-time high, four indicators suggest that the correction may be over. Analysts note that the current price activity shows marked differences from previous bear markets, as Bitcoin typically requires a 40% drop to enter a full bear phase. Moreover, the DXY index, which previously correlates with Bitcoin's price movements, has weakened this time, supporting the asset's value. The Bitcoin derivatives market remains stable with a 4.5% annualized premium on futures, and the perpetual futures funding rate shows balanced leverage between buyers and sellers. Concurrently, early signs of a potential real estate crisis may lead to more capital flowing into scarce assets like Bitcoin. Overall, these conditions indicate that Bitcoin could soon reclaim higher values, with analysts optimistic about the cryptocurrency's resilience amid broader market uncertainties.

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