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Standard Chartered's crypto research head Geoff Kendrick told clients the bear phase may be finished, writing that "winter is over" and that $BTC prices have likely marked the low point for the current market cycle.
The call came ahead of a scheduled Bitcoin purchase announcement from Strategy, the software company turned Bitcoin treasury vehicle, which Kendrick flagged as one of three market signals he is watching.
What Kendrick Is Actually Watching The source attributes three bottom indicators to Kendrick's client note, though only one is named in the available summary: Strategy's pending Monday disclosure of its latest $BTC acquisition.
Strategy has become a closely watched proxy for institutional Bitcoin demand, regularly reporting new purchases that the market treats as a demand signal.
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