TechFlow news, July 2, according to CoinDesk, Wall Street bank Cantor Fitzgerald released a research report indicating that the crypto market is entering the final stage of the current bear cycle. As of June 10, Bitcoin has fallen approximately 51% from its 2025 peak, with 252 days having passed since the peak. Combining the past three market cycles, BTC bottoms on average 384 days after the peak; based on this calculation, this cycle's low point may appear around the end of October.
Analysts also noted that this model is not a precise timing tool, and macro, regulatory, and geopolitical risks still exist. Regarding network value assessment, Cantor believes Hyperliquid is the best example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum is the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.
