Crypto market analysts made striking statements about the current state of the market.
Key crypto analysts in the industry took a look at the current state of the market. In a statement by research firm K33 analysts, it was mentioned that, with the recent declines, leverages on the futures side have largely been cleared, which is seen as a positive development for the market.
An analyst from LMAX Group emphasized that while the short-term outlook may look bad, the Bitcoin halving and the increasing adoption of spot Bitcoin ETF would have a positive impact on the price in the medium and long term. However, he noted that these might already be priced in in the short term:
As the halving comes, we are at a point where we do not expect too much upward momentum. This is a well-known event. It may have already been priced in by the market.
