Bitcoin is increasingly being treated on Wall Street as a core portfolio holding rather than a short-term trading vehicle, according to comments attributed to Sygnum Bank\'s chief investment officer Fabian Dori. He said a focus on daily inflows and outflows in spot Bitcoin exchange-traded funds can obscure a broader structural shift, as institutions such as pension funds, endowments, sovereign wealth funds and insurers begin to treat Bitcoin as a standard allocation and integrate it into asset-allocation frameworks.

Warnings are growing that Bitcoin could slide again to the $50,000 level despite a short-term rebound. Some crypto analysts see the possibility of a final capitulation phase before any meaningful recovery. Views in the market remain that it is too early to call a trend reversal even after Bitcoin bounced to just below $75,000. Traders and analysts cited bearish chart signals and long-term weakness, while others said this cycle may see less dramatic declines than past ones.