Grayscale predicts the end of the crypto winter in 250 days
The analysts’ assumption is based on historical data on changes in bitcoin’s market cycles
![Grayscale predicts the end of the crypto winter in 250 days](https://storage.getblock.net/source/1/-3VUK-WayUSDDxyMTN5bvw1KSTQyz8tS.webp)
19.07.2022 - 08:15
401
1 min
0
What’s new? Analysts at asset manager Grayscale Investments have released a report calculating a tentative timeline for the end of the downturn in the digital asset market (crypto winter). Based on historical data on bitcoin value changes, the experts have concluded that the bear cycle could end in 250 days, by the end of March 2023.
The full version of the document
What are the predictions based on? According to analysts’ calculations, the duration of each of the BTC full market cycles is approximately 1275 days or about three and a half years. The beginning of the bear phase usually marks the fall of bitcoin’s realized price below the market price. This occurred on June 13, 2022, and according to historical data, such a phase usually lasts 250 days. If this pattern is true, investors can expect the end of the crypto winter by the end of March 2023.
Grayscale Investments is a digital asset management fund founded in 2013. It allows US-accredited investors to buy cryptocurrency investment products in a regulated environment through traditional market instruments.
On July 14, analysts at cryptocurrency exchange BitMEX also noted that during the previous key bear cycles, the price of bitcoin was below realized value for an average of 244 days. On this basis, they concluded that BTC is now in the early stages of a bear cycle.
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024