Crypto winter has 250 days left if the market cycle repeats: Grayscale

2022.07.19 00:34

Crypto winter has 250 days left if the market cycle repeats: Grayscale

Grayscale Investment’s latest Insightreport provides interesting food for thought, pinning the start of the current bear market in June 2022, which could last another 250 days if previous market cycles are to repeat themselves.

Grayscale notes that cryptocurrency markets mimic their conventional counterparts with cyclical movements. Bitcoin (BTC) market cycles conventionally last 4 years or approximately 1,275 days. The firm defines a cycle when the realized price of BTC moves below the current market price.

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