According to Cas Abbé, the local bottom for BTC and altcoins has not been established, as reflected by the still-positive funding rate, which indicates that traders are expecting a V-shape recovery. Additionally, the declining Coinbase premium points to reduced institutional accumulation. These factors, combined with the appearance of controlled selling, suggest that a definitive trend reversal has not yet occurred and further downside risk remains for traders (source: Cas Abbé on Twitter, June 17, 2025).