Analysts: The Bitcoin sell-off is nearing saturation, and now may be a relatively "strong buying" opportunity.

According to a new report by Vetle Lunde, Head of Research at K33, Bitcoin has underperformed the Nasdaq index on 70% of trading days over the past month, and is currently 30% weaker relative to the index than it was on October 8th. The recent Bitcoin sell-off is nearing saturation, evidenced by panic selling signals in the spot market and ETP trading streams. Bitcoin's severe underperformance relative to stocks, and its significant disconnect from fundamentals, presents a strong long-term relative buying opportunity. (The Block)