Cryptocurrency analysts have made noteworthy statements about the current state of the market.
Leading cryptocurrency analysts in the industry have assessed the current state of the market. In a statement by the research firm K33 analysts, it was indicated that, with the recent downturns, leverage in futures trading had been largely cleared, which was seen as a positive development for the market.
The analyst for LMAX Group highlighted that, although the short-term situation might look bleak, the Bitcoin halving and increasing adoption of spot Bitcoin ETFs are expected to have a positive impact on the price in the medium and long term. However, he noted that these factors may already be priced in for the short term:
When halving comes, we are at a point where we do not expect much upward momentum. This is a known event. It might be already priced in by the market.
