Svmuu News: CryptoQuant analysis indicates that Bitcoin’s recent rebound should be viewed as a pullback within a bear market, rather than a trend reversal. Bitcoin It rebounded by about 10% from last week’s bear market low of $57,700 to around $63,000, regaining the key support level of $60,000.Seasonal factors in July and improved demand have jointly supported this rally; during the 2018 and 2022 bear markets, July saw rebounds of approximately 20% and 17%, respectively. Bitcoin 30-day total demand has recovered from the contraction of approximately 650,000 BTC seen in early June to near-neutral levels, while the Coinbase’s premium index has rebounded from deeply negative territory in early June to -0.062.