An assessment has emerged that there are not many factors likely to spur further declines in bitcoin.

On Aug. 20, Bitcoin Magazine reported that macro economist Lyn Alden (린 알든) said in an interview with CNBC that bitcoin could attract new buyers as short-term money has largely exited the market, easing additional selling pressure.

Alden said bitcoin investment sentiment has been weak in recent months, but she assessed there are not many triggers for further declines. She pointed in particular to significant outflows of short-term money known as “fast money”. She also cited as a factor reducing pressure that market participants see a low likelihood of additional selling by Strategy, which runs a bitcoin treasury strategy.

Bitcoin has surged this week. It was trading in the $73,100 range, up about 5 percent over the past 24 hours, and up about 15 percent over the past seven days. Alden said multiple indicators show both bitcoin’s valuation and investment sentiment are near the bottom of their ranges.

She said even a relatively small rise could draw in new buyers. Positive chart signals alone could bring technical traders back, and if upside momentum strengthens, funds could follow, she said.

The rebound came alongside U.S. President Donald Trump’s comments related to cryptocurrencies. After meeting with cryptocurrency industry executives at the White House, Trump urged Congress to pass the “Clarity Act,” a cryptocurrency market structure bill. He described it as “very, very strong legislation” and called for swift action.

The Clarity Act was mentioned as a long-awaited bill to put regulations in place for the cryptocurrency industry. The bill passed the House last year, but has remained deadlocked this year, and the schedule has slipped to September. This has led to interpretations that the recent price rebound also reflects expectations that institutional discussions will resume.

Alden said bitcoin has not yet escaped uncertainty. She added that assets with low portfolio allocations, such as bitcoin, would show an advantage over the long term.

Bitcoin hit an all-time high of $126,080 on Oct. last year and has maintained a bearish trend in 2026. Market funds shifted to artificial intelligence (AI)-related technology stocks, and risk-asset preference weakened as the U.S. Federal Reserve signaled it may not cut rates for the time being. The next point to watch is whether this rebound remains a short-term technical recovery or leads to regulatory expectations and improved supply and demand.