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Despite a sharp decline in Bitcoin (BTC) prices since last October, analysts at Bernstein argue that the current downturn does not resemble a traditional crypto bear market.
In a note to clients released on Monday, the firm described the pullback as “the weakest Bitcoin bear case in its history,” even as the asset has fallen about 44% from its all‑time highs in current trading.
Bernstein Defends Bitcoin’s Fundamentals
The analysis was led by Bernstein’s Gautam Chhugani, who said the recent…
