Cryptocurrency analysts made striking remarks about the current state of the market.
Key cryptocurrency analysts in the industry looked at the current state of the market. In a statement made by the research company K33 analysts, it was stated that, with the recent declines, leverages in futures trading were largely cleared, which is considered a positive development for the market.
The LMAX Group analyst emphasized that although the short-term situation may look bad, they highlighted that the Bitcoin halving and the increasing adoption of spot Bitcoin ETFs will have a positive impact on the price in the medium and long term. However, he noted that these may already be priced in the short term:
As the halving approaches, we are at a point where we do not expect a lot of upward momentum. This is a known event. It may have already been priced in by the market.
