Cantor Fitzgerald: Crypto market entering final stage of bear cycle

The cryptocurrency market has entered the final stage of its bear cycle, with Bitcoin potentially forming a bottom within the next few months, according to Wall Street investment bank Cantor Fitzgerald. In a recent report cited by CoinDesk, the bank analyzed that as of June 10, BTC was 252 days past its peak and had fallen approximately 51%. Given that Bitcoin has historically bottomed out in an average of 384 days, it could reach its lowest point by the end of October. Cantor Fitzgerald advised that as the market approaches an inflection point, investors should focus on projects that create sustainable value rather than on speculative investments, highlighting Hyperliquid (HYPE) as a key example. The report also noted that projects such as Solana (SOL), Sui (SUI), XRP, and Zcash (ZEC) need to prove their ecosystem growth can translate into token demand.