Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Analysts are wary of buying Bitcoin despite its recent stabilization. After a significant crash, the price of Bitcoin rebounded to around $56,410.85, recovering from a dip below $50,000. Markus Thielen of 10X Research warns that current market conditions, including slow trading in August and September, make immediate investments risky. It advises prudent risk management and suggests that better opportunities may arise later. Analysts are also focusing on macroeconomic factors such as a potential rate cut by the Federal Reserve and changes in interest rate differentials against Japan. Despite some signs of stabilization, including lower leverage and open interest, further declines remain a concern."