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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Opinion: The market is in the late stage of a bear market with a consolidation phase, with an expected fluctuation range of approximately 15%.
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.