TechFlow to TechFlow, on February 11th, DWF Labs posted an analysis on social media stating that the cryptocurrency market is currently in the late stages of a bear market, with Bitcoin prices falling back to around $67,000, liquidity decreasing, and leveraged positions being liquidated. The correction at the beginning of the year peaked on February 6th, with Bitcoin briefly touching around $60,000 before rebounding to around $70,000. Earlier this year, Bitcoin spot ETFs saw outflows of $2.9 billion over 12 trading days, indicating that institutional investors failed to mitigate the market decline. Andrei Grachev, a partner at the firm, believes the crypto market is nearing its bottom, and Bitcoin prices may fluctuate around current levels by about 15%.
DWF Labs states that seasoned investors recognize the late stages of a bear market as typically the worst phase, after which quiet accumulation begins. Some institutional investors are using this opportunity to buy Bitcoin below $70,000. Meanwhile, venture capital firms are actively investing in infrastructure, tokenization of real assets, and long-term sustainability projects. Macroeconomic factors continue to dominate the crypto industry's trajectory.
