Three positive signals supporting the possibility of a short-term rebound in the bitcoin market have emerged, but it is still too early to judge that a full-fledged uptrend has begun, an analysis showed. Wintermute said bitcoin’s ability to hold key support, a shift back to net inflows into U.S. spot bitcoin ETFs, and the market’s absorption of large sales by Strategy point to a short-term bottoming process. It added that sustained inflows and macro stability still need confirmation.

Strategy released an interactive credit model that calculates its debt and dividend-paying capacity in real time even if Bitcoin prices do not rise. The disclosure came two days after it officially confirmed selling 3,588 bitcoins worth $216 million to fund preferred dividends and secure dollar liquidity. The company said it could meet dividend obligations for 30 years using $52.87 billion in crypto reserves and $2.55 billion in dollar reserves under a no-growth scenario.