Bitcoin pushed back above $70,000 on Sunday, extending a weekend rally and providing a lift to the broader digital asset market.

The move coincided with modest gains in U.S. equities ahead of key geopolitical developments, with both the Nasdaq and S&P 500 trading slightly higher.

Bitcoin has risen close to 4% over the past day, with ether, XRP, and solana also advancing.

Contrarian investors are increasingly pointing to signs that the market may be nearing a bottom. Earlier declines to $60,000 were accompanied by widespread bearish sentiment, often viewed as a precursor to reversals.

Recent events have added to that narrative. The departure of ProCap Financial CIO Jeff Park highlights the challenges facing newer bitcoin treasury firms, many of which have underperformed compared to BTC itself.

Other firms, including Nakamoto and Twenty One Capital, have similarly struggled.

Analyst Willy Woo added a longer-term perspective, suggesting bitcoin could remain range-bound for years before entering its next major bull phase.

Meanwhile, notable selling activity has emerged across the sector, with MARA Holdings, Riot Platforms, and Nakamoto all reducing their bitcoin holdings.

Although it remains uncertain whether the market has bottomed, the growing number of contrarian signals is difficult to ignore.