K33 Research: The likelihood of a significant market surge is greater than another decline, and December may present a good opportunity to build positions.

Odaily Planet Daily News: K33 Research analyst Vetle Lunde stated that December could be a turning point for the crypto market in the near future, and therefore structural upside potential is forming. Currently, Bitcoin’s valuation reflects more of the market’s panic sentiment rather than fundamental factors, and the probability of a significant market rally is much greater than the probability of another 80% drop. December may present a bold buying opportunity. In addition, the market is overreacting to distant threats, such as the risks of quantum computing and the possibility of MicroStrategy (MSTR) selling Bitcoin, while ignoring strong near-term signals, such as the potential approval of using cryptocurrencies in 401(k) retirement accounts and the Federal Reserve’s shift toward supporting cryptocurrencies. (CoinDesk)