K33 Research: The market is more likely to rise sharply than fall again; December may present a good opportunity to build positions.

According to Odaily Planet Daily, K33 Research analyst Vetle Lunde stated that December could be a turning point for the recent crypto market, with structural upside potential emerging. Bitcoin's current valuation reflects market panic more than fundamental factors, and the probability of a significant market rally is far greater than the chance of another 80% drop. December may present a good opportunity for aggressive buying. Furthermore, the market is overreacting to distant threats, such as the risks of quantum computing and a potential sell-off of Bitcoin by Strategy (MSTR), while ignoring recent strong signals, including the potential allowance of cryptocurrencies in 401(k) retirement accounts and the Federal Reserve's shift towards supporting cryptocurrencies. (CoinDesk)