Opinion: The market is in the late stage of a bear market with a consolidation phase, with an expected fluctuation range of approximately 15%.

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On February 11, DWF Labs issued a statement indicating that the market is currently in the volatile stage at the end of a bear market. Bitcoin price has fallen back to approximately $67,000, liquidity has become thinner, and leverage has been significantly cleared. Institutional investors have also failed to provide a buffer against the decline; earlier this year, Bitcoin spot ETFs experienced large outflows of $2.9 billion within just 12 trading days. It was unexpected that Bitcoin’s price would once again fall below $70,000, and some institutional investors are taking advantage of this opportunity. DEF expects Bitcoin’s price to continue fluctuating around the current level with about 15% volatility.

BTC-0,46%
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