Bitcoin's (BTC) recent recovery may mark the early stages of a bottoming process as macroeconomic data continues to boost investor confidence, according to a Glassnode report on Wednesday. Bitcoin outperformed both US and European equities following the US CPI inflation report on Tuesday, recovering strongly after weeks of trading sideways near recent lows. The move suggests selling pressure is becoming exhausted while buyers are increasingly waiting for positive macro catalysts. "That sensitivity is the tell. A market this eager to rally on one inflation print is a market where sellers are spent and buyers are ... (full story)