According to insights from relevant research institutions, K33 Research analyst Vetle Lunde believes that December this year may become a significant turning point for the crypto market. He pointed out that the current market is showing a clear overreaction to certain potential risks, such as concerns about quantum computing threats and speculation about Strategy (MSTR) potentially reducing its Bitcoin holdings, which are amplifying short-term panic sentiment.
In contrast, some favorable factors that have been overlooked by the market are gradually emerging, including potential progress in allowing the allocation of crypto assets in 401(k) retirement accounts, as well as marginal improvements in the Federal Reserve's attitude towards the crypto industry. K33 believes that Bitcoin's current valuation reflects more of an emotion-driven sentiment rather than fundamental changes, and December may become an important time window for some funds to reposition.
