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

19.07.2022 - 08:15

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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.

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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.

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