Bitcoin Faces Deeper Downside as Canada Formalizes Crypto Custody Framework
Bitcoin Faces Deeper Downside as Canada Formalizes Crypto Custody Framework
Bitcoin's recent price rebound appears to mask deeper underlying bearish signals, with onchain and technical data suggesting continued downside risk reinforced by miner activity and exchange flows. Meanwhile, in Canada, the CIRO has established an interim framework for crypto custody, setting out rules for limits, capital thresholds, and reporting, as it progresses towards long-term regulatory clarity.
Bitcoin’s rebound masks weak technicals and onchain signals that point to continued downside risk, with miners and exchange flows reinforcing the bearish trend.
The Canadian self-regulatory organization outlined custody limits, capital thresholds and reporting rules while long-term regulation remains in progress.