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Analysis: The Bitcoin winter has ended; this round is more like a significant correction within a bull market.
Deep Tide TechFlow News, April 24, according to CoinDesk, Strategy Executive Chairman Michael Saylor stated that the Bitcoin winter has ended, and at that time, Bitcoin prices remained above $78,000. Market analyst Mati Greenspan believes that the recent market decline should not be defined as a crypto winter, but rather a significant correction within a broader bull market, and he stated that Bitcoin has likely bottomed out, with subsequent gains possibly driven by institutional adoption and sovereign nations adopting it together.
The report mentioned that Strategy recently increased its holdings by 13,927 Bitcoins, bringing its total holdings to 780,897 Bitcoins. Greenspan also said that the next major driving force could be sovereign nation adoption, meaning that future central banks of various countries may include Bitcoin in their reserve assets.