Standard Chartered’s Geoff Kendrick told clients that crypto prices have likely already reached their low for the cycle. He pointed to three signs he is watching for a Bitcoin bottom, including Strategy’s expected Monday purchase update.
Standard Chartered’s Geoff Kendrick told clients that crypto prices have likely already reached their low for the cycle. He pointed to three signs he is watching for a Bitcoin bottom, including Strategy’s expected Monday purchase update.
Standard Chartered analyst Geoff Kendrick told clients that “winter is over,” saying crypto prices have likely already seen the low for the current cycle. His view comes ahead of Strategy’s Monday Bitcoin purchase update, which he included among the signals he is watching for confirmation of a market bottom.
Standard Chartered analyst Geoff Kendrick told clients that “winter is over,” saying crypto prices have likely already seen the low for the current cycle. His view comes ahead of Strategy’s Monday Bitcoin purchase update, which he included among the signals he is watching for confirmation of a market bottom.
The call matters because Bitcoin bottom signals are closely followed by traders, public companies with crypto exposure, and market participants assessing whether the latest downturn has run its course. A bottoming view from a major bank analyst can shape discussion around risk appetite, though it does not remove uncertainty from crypto markets.
Kendrick’s framework centers on three signs of a potential Bitcoin bottom. One of those is Strategy’s Monday news, reflecting the market’s attention on the company’s regular Bitcoin purchase disclosures and its role as a closely watched corporate holder.
The comments do not amount to certainty about future prices. They indicate that Kendrick believes the worst of the cycle may already be behind the market, based on the indicators he outlined to clients.
For readers, the key point is that Standard Chartered is framing the latest crypto weakness as potentially cyclical rather than open-ended. The next focus is whether the signals Kendrick is monitoring, including Strategy’s update, strengthen that view.
Keep exploring
The latest State of Crypto update says the industry has two weeks left in the push for the Clarity effort. The development keeps attention on U.S. crypto policy as companies and market participants watch for regulatory direction.
Read
Russia’s biggest bank says it plans to create cryptocurrency trading infrastructure by Dec. 1, as the country moves toward setting rules for market participants. The development comes alongside plans to allow crypto assets to be used in foreign trade operations.
Read
Thinking Machines Lab has released Inkling, its first model after two years of silence, and it is now available on OpenRouter. The model’s MCP score appears strong, though its price-to-performance case is more complex.
Read