View: The market is in the late stage of a bear market, expecting a range-bound phase with approximately 15% volatility.

BlockBeats News, February 11th, DWF Labs stated in a post that the market is currently in the final stage of a bear market, experiencing a volatile phase. The price of Bitcoin has fallen to around $67,000, with liquidity drying up and leveraged positions being significantly liquidated. Institutional investors have also failed to provide a cushion for the downturn, with Bitcoin spot ETFs earlier this year seeing massive outflows of $2.9 billion within 12 trading days.

The unexpected drop in the price of Bitcoin below $70,000 has caught some institutional investors' attention. DEF expects the Bitcoin price to continue fluctuating around this level by about 15%.