DWF Labs: The crypto market is nearing the end of a bear market; Bitcoin may fluctuate around 15% around its current price.

According to ME News, on February 11th (UTC+8), 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 peaked at the beginning of the year, 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 in 12 trading days, indicating that institutional investors failed to mitigate the market decline. Andrei Grachev, a partner at DWF Labs, believes the crypto market is nearing its bottom, and Bitcoin prices may fluctuate around current levels by about 15%. DWF Labs stated that seasoned investors recognize that the late stages of a bear market are typically the worst phase, after which they begin to quietly accumulate. 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. (Source: ME)