DWF Labs: The crypto market is nearing the end of the bear market, and Bitcoin may fluctuate around 15% up or down from the current price

DWF Labs analyzed social media posts and concluded that the cryptocurrency market is currently in the volatile phase at the end of a bear market, with Bitcoin prices having fallen to around $67,000, liquidity decreasing, and leveraged positions being liquidated. The pullback at the beginning of this year peaked when Bitcoin briefly touched around $60,000, before rebounding to near $70,000. Earlier this year, Bitcoin spot ETFs saw outflows of $2.9 billion over 12 trading days, and institutional investors failed to alleviate the market decline.

Andrei Grachev, a partner at the firm, believes that the crypto market is nearing the bottom, with Bitcoin prices likely to fluctuate about 15% around current levels. DWF Labs stated that seasoned investors recognize that the end of a bear market is often the worst phase, after which quiet accumulation will begin. Some institutional investors are taking this opportunity to buy Bitcoin below $70,000. Meanwhile, venture capital firms are actively investing in infrastructure, physical asset tokenization, and long-term sustainability projects. Macroeconomic factors continue to dominate the trends in the crypto industry.