Crypto Bear Market might last 8 months.

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Grayscale Investments, a digital asset management firm, predicts that the bear market in cryptocurrencies will last another eight months, despite recent hints of improvement.

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The Grayscale analysts Matt Maximo and Michael Zhao stated in a study titled "Cryptocurrencies Have Changing Cycles Just Like Traditional Economic and Financial Markets."

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On the basis of previous bear market cycles, they estimated that there could be "high-value purchase opportunities" for another 250 days in the sector.

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It was on June 13 when the "realized price" of BTC fell below the market price, according to Maximo and Zhao, Which triggered the current downward trend in the price of BTC.

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By calculating the entire amount of Bitcoin sold at its prior price and dividing that number by the current Bitcoin supply,

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One can arrive at the realized price of Bitcoin today.

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Over the next five to six months, they predicted that the price of bitcoin would either continue to decrease or remain constant.

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