Standard Chartered's head of global digital assets research said Bitcoin is approaching its market bottom, citing structural support from exchange-traded fund inflows and anticipated large-scale buybacks as evidence that the worst of the current selloff has passed.
The assessment comes after a turbulent week for cryptocurrency markets. The bank's analysis points to the resilience of major Bitcoin ETF products, which have continued to attract institutional capital despite recent price volatility. Additionally, Standard Chartered highlighted anticipated repurchase activity as a stabilizing force suggesting downside risk has been substantially contained.
The call represents a more bullish stance than recent market pessimism, though it remains contingent on whether institutional buying pressure—particularly through regulated fund vehicles—sustains at current levels. The timing of such statements typically precedes shifts in institutional positioning, though broader market confirmation would be required to validate the bottom-call thesis.