K33: Concerns about the Bitcoin market are exaggerated, and policy shifts open up room for mid-term gains.

According to DeepFlow TechFlow, on December 3, K33 Head of Research Vetle Lunde pointed out in the December market outlook report: The biggest fears facing Bitcoin are distant and hypothetical issues rather than immediate threats, such as quantum risk and the potential for Strategy to sell BTC. Although Bitcoin is undergoing the most severe correction since the 2022-23 bear market, the current wave of panic is driven by exaggerated long-term risks rather than any direct structural threat. Excessive derivatives, concentrated selling by long-term holders, and widespread supply distribution have been catalysts for the market dropping to recent lows. A series of mid-term policy and structural developments could significantly enhance Bitcoin’s outlook, such as new 401(k) pension plan guidelines to be introduced by US regulators in February 2026, which would allow cryptocurrencies to be allocated within the $9 trillion retirement market.