ChainCatcher news reports that, according to Cointelegraph, crypto economist Timothy Peterson’s latest analysis indicates that Bitcoin still has structural upside potential during the current bear market correction: 50% of the past 24 months have recorded positive returns, suggesting a higher probability of a positive turning point within any 24-month cycle.
Based on this, Peterson estimates that the probability of Bitcoin being higher than its current level in the next 10 months is 88%. He emphasizes that this statistical model shows the market may be approaching a turning point rather than continuing to decline. Currently, Bitcoin is priced at approximately $68,173, down nearly 25% from its early-year high, erasing most of the gains made after the 2024-2025 US elections; the Crypto Fear & Greed Index has fallen to “Extreme Fear” at 9 points, social media Bitcoin sentiment has dried up, and market sentiment has become more neutral.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Morgan Stanley Moves to Launch First Major Bank Bitcoin ETF, Poised to Rival BlackRock's IBIT
Morgan Stanley has filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the Morgan Stanley Bitcoin Trust (MSBT), a spot Bitcoin exchange-traded fund (ETF) set to trade on NYSE Arca under the ticker MSBT.
CryptopulseElite8m ago
Morgan Stanley advances Bitcoin ETF application: S-1 amendment has been submitted, with the ticker symbol MSBT.
Morgan Stanley has recently submitted a revised S-1 filing for a Bitcoin ETF planned for listing in the United States under the ticker symbol MSBT, with an initial issuance of 10,000 shares and expected fundraising of approximately $1 million. The firm may become the first major bank to directly issue a spot Bitcoin ETF. Market demand is being driven by self-directed investors, and improvements in the regulatory environment will facilitate capital inflows, driving expansion of the Bitcoin ETF market.
GateNews10m ago
Cryptocurrency Fear and Greed Index Falls to 11, Market Panic Sentiment Rises Significantly
Gate News: On March 20, according to Alternative data, today's cryptocurrency Fear and Greed Index is 11, down significantly from 23 yesterday, indicating a notable rise in market panic sentiment. The index threshold ranges from 0-100 and is composed of the following indicators: volatility accounts for 25%, market trading volume accounts for 25%, social media heat accounts for 15%, market surveys account for 15%, Bitcoin's proportion in the overall market accounts for 10%, and Google Trends analysis accounts for 10%.
GateNews13m ago
Mainstream CEX and DEX funding rates show the market maintains a comprehensive bearish outlook
On March 20th, Gate News reported that according to Coinglass data, Bitcoin experienced a slight pullback, with funding rates on mainstream CEX and DEX showing an overall bearish market sentiment. Funding rates impact traders' costs and returns, with rates below 0.005% indicating widespread market bearish outlook.
GateNews19m ago
Bitcoin whale wallets increased by 753 over three months, a 3.9% rise.
Gate News, on March 20, Santiment data showed that over the past three months, the number of Bitcoin whale wallets holding more than 100 BTC increased by 753, representing a 3.9% increase. Notably, this growth occurred while Bitcoin's price declined 20.2% during the same period. The increase in the number of large holders suggests that major investors remain confident in the long-term potential of cryptocurrencies.
GateNews20m ago
