Standard Chartered’s Kendrick says bitcoin may have set this cycle’s low as key signals turn bullish

Standard Chartered analyst Geoffrey Kendrick said bitcoin may already have marked the low for the current market cycle. He pointed to three conditions: renewed purchases by Strategy, U.S. spot bitcoin ETFs turning back to net inflows, and continued weakness in oil prices. Kendrick argued that falling oil prices help ease inflation and upward pressure on U.S. Treasury yields, improving the macro backdrop for crypto assets.