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

ChainCatcher News, DWF Labs posted on social media analyzing that the cryptocurrency market is currently in the late stage of a bear market with volatility. Bitcoin price has fallen back to around $67,000, liquidity has decreased, and leveraged positions are being liquidated. The correction earlier this year peaked when Bitcoin briefly touched approximately $60,000 before rebounding to around $70,000. Earlier this year, Bitcoin spot ETFs saw outflows of $2.9 billion within 12 trading days, and institutional investors failed to mitigate the market decline.

Partner Andrei Grachev believes the crypto market is approaching a bottom, with Bitcoin prices likely fluctuating within about 15% of the current level. DWF Labs stated that seasoned investors recognize that the end of a bear market is usually the worst phase, after which they quietly start accumulating. Some institutional investors are taking advantage of this opportunity to buy Bitcoin below $70,000. Meanwhile, venture capital firms are actively investing in infrastructure, physical asset tokenization, and long-term sustainable projects. Macroeconomic factors continue to dominate the trends in the crypto industry.