Opinion: The market is in the late-stage bear market consolidation phase, with an expected volatility range of around 15%.
BlockBeats News, February 11, DWF Labs stated in a post that the market is currently in a volatile phase at the end of the bear market. The price of bitcoin has fallen back to around $67,000, with liquidity becoming thinner and leverage being largely wiped out. Institutional investors have also failed to cushion the decline. Earlier this year, bitcoin spot ETFs even saw significant outflows of $2.9 billions within 12 trading days.
The fact that the price of bitcoin has once again fallen below $70,000 is surprising, and some institutional investors are seizing this opportunity. DEF expects the price of bitcoin to continue fluctuating around the current level by about 15%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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