As Bitcoin (BTC) seeks to solidify its position around $71,000, the 
cryptocurrency faces a challenge from the $74,000 resistance level that has so 
far prevented a decisive breakout. However, recent insights from Bloomberg 
indicate that a collection of indicators, historically associated with the 
conclusion of downward trends, suggest the current sell-off may be reaching 
its final phase. Bitcoin Recovery In Sight? Brett Munster of Blockforce 
Capital said that one of these indicators has already entered a range that has 
frequently preceded past lows. Meanwhile, two others are indicating figures 
between $54,000 and $58,000, which is lower than the current price range of 
between $65,000 and $73,000 that was set during the month. Although a 
definitive price floor is not guaranteed, Munster asserts that “the majority 
of the drawdown appears to be behind us,” suggesting that a market turnaround 
could potentially materialize by mid-year. Related Reading: Bitcoin 
Historically Surges 54% On Average Post-US Midterm Elections, Binance One of 
the critical indicators currently highlighting Bitcoin&#8217;s potential for 
recovery is the MVRV Z-Score. This measure signals when Bitcoin is trading 
above or below its on-chain cost basis. When this score dips below 0.4, it 
typically indicates that the cryptocurrency is undervalued. Presently, the 
score is around 0.38, indicating that Bitcoin may indeed be undervalued, 
although other metrics have not yet confirmed this trend. Potential Upside 
Emerges The realized price of Bitcoin—the average price at which it has last 
moved on-chain—currently hovers near $54,000, while the 200-week moving 
average (MA), which has historically marked important support levels, is 
positioned around $58,000. Related Reading: Hyperliquid (HYPE) Under The Lens: 
These 3 Metrics Point To Severe Undervaluation Moreover, the pattern of 
diminishing peak-to-trough drawdowns suggests a potential bottom could lie 
between $45,000 and $55,000. Collectively, these indicators define what 
Munster terms “a high-probability accumulation zone” ranging from 
approximately $45,000 to $60,000. Although pinpointing an exact market bottom 
is inherently uncertain and bear markets can last longer than anticipated, 
Munster believes that Bitcoin presently offers a more favorable risk-reward 
profile with greater upside potential. Featured image from OpenArt, chart from 
TradingView.com

Bitcoin Price Nearing Bottom? Key Indicators Suggest End Of Downturn–Bloomberg

The USDC issuer&#8217;s stock is soaring despite a market selloff as stablecoins 
expand into traditional finance. Meanwhile, Canaan boosts BTC reserves and 
Wells Fargo eyes crypto services.

Crypto Biz: Circle stock defies Wall Street and digital asset selloff

Solana price has rejected a key resistance zone near $90, signaling the 
potential continuation of an ABC corrective structure.

Solana price signals ABC correction after range-high rejection

Bitcoin surged to a weekly high of $73,838, breaking out of a tight range of 
$70,000 to $71,000. The upward movement caught bearish traders off guard, 
leading to the liquidation of $445 million in leveraged positions. 
Liquidations and ETF Inflows Bitcoin rallied to a weekly high of $73,838 
Friday, successfully breaking out of the narrow […]

Why Bitcoin is Rising While US Equities Face Third Weekly Loss

Bitcoin and crypto exchanges built much of the cryptocurrency industry’s 
reputation by challenging traditional finance. However, as major Wall Street 
institutions deepen their involvement in crypto services, the structure of the 
market could begin to change in ways that place pressure on both exchanges and 
the broader ecosystem surrounding Bitcoin. Why Bitcoin And Crypto Exchanges 
Could Face Pressure Recent industry commentary highlights how large financial 
institutions are gradually positioning themselves to compete directly with 
crypto exchanges. Among them, Morgan Stanley has been expanding its digital 
asset capabilities, moving beyond simple exposure products toward services 
such as crypto trading, custody, and staking. The development signals a 
broader shift in which traditional finance is no longer observing the crypto 
sector from the sidelines. Related Reading: Here’s How Much Needs To Flow 
Through Ripple For XRP Price To Reach $3,700 One key factor behind this shift 
is infrastructure. In the early years of the industry, building a crypto 
trading platform required specialized blockchain engineering, complex wallet 
systems, and custom liquidity networks. That barrier created a protective moat 
for early exchanges such as Coinbase, Binance, and Kraken. Today, however, 
specialized infrastructure providers, including Fireblocks, Copper, Talos, and 
Zero Hash, allow financial institutions to integrate crypto trading systems 
far more quickly. With these tools, banks can launch digital asset services in 
just months. Distribution power further strengthens this advantage. If crypto 
trading becomes integrated into existing brokerage dashboards alongside 
equities and bonds, clients may access digital assets without leaving their 
primary investment accounts. In that scenario, exchanges would no longer be 
the default destination for crypto trading. Capital efficiency is another area 
where traditional institutions excel. Unlike exchanges, which operate as 
isolated platforms for digital assets, banks can offer multi-asset trading 
environments where stocks, bonds, foreign exchange, derivatives, and 
cryptocurrencies exist within the same account. This structure allows 
investors to move collateral across markets and execute complex strategies 
without transferring funds between separate platforms. Crypto Exchanges Face A 
Strategic Crossroads Another pressure point lies in pricing. Many crypto 
exchanges rely heavily on transaction fees as their primary revenue stream. 
Large financial institutions, by contrast, operate diversified business models 
that include lending, asset management, advisory services, custody, and prime 
brokerage. Because of these multiple revenue channels, banks could reduce 
trading costs significantly, potentially compressing the fee structures that 
exchanges depend on. Related Reading: Dogecoin Descending Channel Shows Where 
It Is In This Cycle Institutional trust also plays a role in shaping where 
large investors choose to trade. Established financial firms like Morgan 
Stanley have decades of regulatory infrastructure and longstanding client 
relationships. For institutions already managing capital through those firms, 
conducting crypto transactions within the same framework may appear more 
straightforward than onboarding to an entirely separate exchange. Analysts 
note that liquidity often follows institutional capital. Morgan Stanley’s $9 
trillion asset base alone dwarfs the assets held on many crypto trading 
platforms. If even a fraction of that capital begins flowing through bank- 
operated crypto desks, trading activity could gradually shift away from 
traditional exchanges. For the crypto sector, this shift is prompting a 
strategic reassessment, as competition could increasingly favor traditional 
financial institutions entering digital asset markets. Featured image created 
with Dall.E, chart from Tradingview.com

Cryptocurrency price in USD