ChainCatcher news, Matrixport released an icon today showing that Bitcoin has recently been in a period of turbulence and challenges. Although there has been a rebound in recent days, it is still in a range where the growth of stable coins is almost stagnant and trading volume is relatively low.
In the long run, if there is a significant rebound subsequently, this consolidation could be bullish.
Recent factors triggering the rebound include developments in U.S. politics and the potential launch of Ethereum spot ETFs.