Bitget CEO Doubts Sustainability of Bitcoin Rebound

Gracy Chen, CEO of cryptocurrency exchange Bitget, has expressed caution about Bitcoin's recent price recovery. In an interview with Cointelegraph, she stated that the current rebound above $79,000 does not necessarily mean the bear market is over.

Chen pointed to broader economic uncertainties and noted her own personal strategy of waiting for a dip to around $50,000 in the second half of this year or early next year. She plans to add to her personal holdings at that price point, indicating she expects possible further declines.

The Bitget CEO's comments highlight lingering uncertainty about the broader macroeconomic environment and volatility persists amid regulatory developments and shifting investor sentiment.