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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting cautious optimism within the digital asset market, Standard Chartered analyst Geoff Kendrick stated that crypto prices have likely seen their cycle low. The bank is currently monitoring three specific indicators to confirm a Bitcoin bottom, with a primary focus on MicroStrategy's expected Monday update regarding its latest Bitcoin purchase activity.
This analysis emerges as major institutions seek to solidify their positions, with MicroStrategy remaining the world's largest corporate holder of Bitcoin, possessing over 214,000 BTC according to recent company filings. Investors are closely watching the correlation between crypto assets and tech equities, particularly as MicroStrategy (MSTR) increasingly serves as a regulated proxy for Bitcoin exposure.
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Sign InRegarding price action, MicroStrategy shares (0A7O.L) stood at $118.39 (at close June 12, 2026). Looking ahead, traders are focusing on the Monday purchase disclosure as a primary catalyst, alongside broader macroeconomic data in the upcoming calendar that could influence risk appetite across the crypto sector.