No one spoke, and the dealer has already confirmed: the bear market is nearing its end.

Top institution CIO Matt Hougan's latest judgment:

The crypto market is in the late stages of the bear market bottom; although the process is volatile, it is paving the way for a major event in 2026.

The reality is harsh:

Most of 2025 will be a bear market, and many altcoins have fallen by over 60%, with retail investor sentiment nearly wiped out.

But why hasn't Bitcoin collapsed?

The answer is simple—

Corporations and ETFs have been taking over.

The current situation has given institutions a key term:

"Narrowing bottom"

The characteristics are:

ETF capital inflow is not hot

Retail participation is extremely low

The market is dull, stagnant, and no one is discussing it

And this is precisely the stage that dealers love to accumulate slowly.

It is expected that in the first half of this year, BTC will likely fluctuate in the range of $75,000–$100,000.

Do you think this is "no opportunity"?

Dealers believe this is the last time window to get on board.

Want to know what institutions are waiting for and what the next steps are? I have already seen clearly.

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