Odaily Planet Daily News K33 Research senior analyst Vetle Lunde and vice president Anders Helseth said: The decline has lasted for 755 days and is currently about 36% lower than Bitcoin's all-time high of about $69,000 in November 2021. In contrast, it took 1,178 days to recover to the highs after 2013 and 1,092 days after 2017. In this cycle, Bitcoin may recover to its highs faster. The reason is that the expectation of approval of the US spot Bitcoin ETF will continue to be a driving force, and past cycles have not witnessed institutional demand entering the market now. The US ETF will receive a final ruling within 36 days, and the market shows a huge demand to accumulate exposure ahead of the expected launch. Therefore, the current rise is real and convincing. (The Block)