news4h ago

Grayscale, One Of The World'S Largest Digital Asset Managers, Says Data Surrounding $Btc Points To A "Durable Market Bottom" Having Already Formed.

The firm's research team notes that Bitcoin's recent rally to around $74,000 has brought recent buyers back to breakeven — a development it views as significant. When underwater holders return to breakeven, they tend to reduce selling pressure on the asset, allowing prices to stabilise or move higher.

Based on this, @Grayscale believes the market may now be entering what it describes as "the first phase of a bull cycle" for $BTC.

While the firm stops short of making definitive price predictions, the framing is notably optimistic — particularly given the broader uncertainty that has weighed on crypto markets in recent months.

Grayscale, One Of The World'S Largest Digital Asset Managers, Says Data Surrounding $Btc Points To A "Durable Market Bottom" Having Already Formed.

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