);)
Kaiko assessed Bitcoin's (BTC) decline to $60,000 on the 10th as a correction corresponding to the mid-stage of a bear market following the halving.
While Kaiko leaves open the possibility of further declines based on declining trading volume and deleveraging signals, the retracement range is shallow compared to past cycles, and the $40,000-$50,000 range is being discussed as a potential bottom range.
2. Bitcoin's Growth Stock Characteristics Emphasize
Grayscale analyzed in a study released on the 11th that Bitcoin (BTC) has recently been showing a higher correlation with growth assets such as software stocks than with safe-haven assets such as gold.
The report assessed that institutional capital inflows and the expansion of exchange-traded fund (ETF) trading are further linking Bitcoin to traditional financial markets and strengthening its risky asset nature in the short term.
3. Nazarov: "This bear market is a correction without structural collapse."
Chainlink co-founder Sergey Nazarov said on the 11th that this cryptocurrency bear market, unlike in the past, is progressing without large-scale bankruptcies or system collapses, and that this is a phase that shows the maturity of the industry.
Nazarov diagnosed this correction as a structural evolution rather than a simple recession, as the on-chain value of tokenized real-world assets (RWAs) has increased by 300% over the past 12 months, showing continued usage-based growth decoupled from price.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
