company-logoresearch-logo
Ahead Of The Curve
20 Oct 2025

A slowly crowding bearish bias

Conditions are ripe for being contrarian. BTC trades near 4-month lows, and the persistent (and aggressive) bearish bias does not reflect its strong fundamental backdrop. Hence, we favor buying the blood.
Article Thumbnails (66)
Preview
A slowly crowding bearish bias
Bitcoin fell sharply to a four-month low of $103,500 after the October 10 deleveraging but has since stabilized. It ended the week down 6% as traders used any impulses of strength to soften exposure. Despite the current bearish sentiment, our outlook remains constructively bullish: Leverage in the market has been cleared, creating healthier conditions for recovery. Fundamentals are strong. Institutional adoption is live and strong, nearly $100 billion is managed through IBIT, financial advisors are integrating BTC ETFs into portfolios, and potential 401(k) access may further expand demand. With monetary policy unlikely to tighten, BTC’s scarcity could become an increasingly powerful driver, and this drawdown is a solid occasion to buy into the bloodshed.
Share this article