TechFlow reports that on February 11, DWF Labs published an analysis on social media stating that the cryptocurrency market is currently in the volatile phase at the tail end of a bear market. Bitcoin’s price has retreated to approximately $67,000, liquidity has declined, and leveraged positions have been liquidated. This year’s correction peaked on February 6, when Bitcoin briefly touched around $60,000 before rebounding near $70,000. Earlier this year, Bitcoin spot ETFs experienced outflows totaling $2.9 billion over 12 trading days, and institutional investors failed to cushion the market downturn. Andrei Grachev, Partner at DWF Labs, believes the crypto market is nearing its bottom, with Bitcoin’s price likely to fluctuate within roughly ±15% of its current level.
DWF Labs notes that seasoned investors recognize the final stage of a bear market is typically the most painful—yet it is precisely during this phase that quiet accumulation begins. Some institutional investors are seizing this opportunity to purchase Bitcoin below $70,000. Meanwhile, venture capital firms are actively investing in infrastructure, tokenization of real-world assets, and long-term sustainability projects. Macroeconomic factors continue to dominate the trajectory of the crypto industry.
