On March 4th, according to The Block, crypto research and brokerage firm K33 stated that after months of sustained selling pressure, Bitcoin has entered one of the most oversold weekly zones in history. There is no convincing reason to sell Bitcoin at the current price levels.

K33 Research Director Vetle Lunde wrote in the latest report: "If you want to make a mistake, follow the crowd." He pointed out that the crypto derivatives market is generally filled with pessimism, and investor positions are also clearly defensive. After six consecutive weeks of decline and five consecutive months of losses—which is one of the longest downtrend cycles in Bitcoin history—its weekly Relative Strength Index (RSI) recently dropped to 26.84, the third-lowest level in history.

The report indicated that this round of decline was mainly driven by long-term holders and institutional investors selling off. In Q4 2025, the supply of coins held for more than six months decreased significantly; at the same time, exchange-traded investors (such as ETF investors) reduced their holdings by nearly 100,000 BTC, and CME Bitcoin futures open interest fell to a two-year low. However, Lunde stated that these capital outflows have recently begun to slow down.