Grayscale Sees Bottom of Bitcoin Bear Market Already in Sight

The debate over Bitcoin's bear market bottom is ongoing among analysts and investors. Some believe it will follow the traditional four-year cycle, while others think the bottom may already be in.

Institutional manager Grayscale has publicly expressed its view that the bottom is in, which could signal increased institutional confidence supporting Bitcoin adoption, funding, and price recovery.

The 24-hour spot volume for Bitcoin reached $26.47 billion, a 7.11% increase. The market capitalization of Bitcoin stands at $2.26 trillion, with a decrease of 1.20%.