TechFlow News: On February 4, according to The Block, Vetle Lunde, Head of Research at K33, noted that although price movements bear “unsettling similarities” to the bear markets of 2018 and 2022, he believes “this time is different” and an extreme decline of up to 80%—as seen previously—is unlikely. Factors supporting this view include increased institutional adoption, inflows into ETF products, and a dovish interest-rate environment. Lunde identifies $74,000 as a key support level and considers the current price attractive for long-term investors.
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