K33 Analysis: 'A 40% Drop in Bitcoin Does Not Replicate the 2022 Crash'

Betre Lunde, Head of Research at cryptocurrency research firm K33, noted in a February 4 report that Bitcoin has dropped about 40% from its peak last October, including an 11% fall just last week. While the market has drawn parallels to the severe bear markets seen in 2018 and 2022, Lunde analyzed that a complete replication of past cycles will not occur.

Although Lunde declared the end of the 'four-year cycle' last October, he acknowledged recent price trends showing 'disturbing similarities' to the significant drops of 2018 and 2022. However, he cited the expanded adoption by institutional investors, inflows into regulated financial products, and a loose financial environment...