Bitcoin Stabilizes Above $60,000 as Leverage Flush Signals Potential Bottom

Bitcoin has demonstrated significant resilience, maintaining a critical support floor between $60,000 and $64,000 despite a challenging macroeconomic environment. The market recently absorbed negative shocks, including geopolitical tensions in Iran and a disappointing Non-Farm Payroll (NFP) report showing a loss of 92,000 jobs. A key driver for this stability is the massive deleveraging in the derivatives market, with the Leverage Reset Index (LRI) hitting a multi-year low of 0.32. This purge of speculative positions reduces the risk of further long-squeeze liquidations, shifting the market's focus toward underlying spot demand. Analysts suggest that "seller fatigue" is setting in, as the cryptocurrency holds its ground against adverse news. The current price action indicates a potential local bottom, providing a cleaner foundation for future growth as leverage remains at healthy levels.