Bitcoin's $60K Floor: How Crypto Bear Market Sets New Bull Foundation

• Bitcoin is experiencing a 'classic bear market,' with prices down approximately 50% from all-time highs and depressed sentiment among crypto natives.
• A 'sentiment mismatch' exists, as traditional financial institutions are actively exploring blockchain, tokenization, and offering crypto products, showing positive long-term outlook.
• Bitcoin has strong fundamental support near $60,000, aligning with the 200-week moving average and miners' cost base, suggesting a range-bound market in the short term.
• Hyperliquid (HYPC), a decentralized perpetual futures exchange, is noted for enabling traders to gain exposure to non-crypto assets like precious metals, oil futures, and private AI company shares, performing well amidst the crypto bear market.

Bitcoin is in a 'classic bear market,' down 50% from its highs, leading to depressed sentiment among crypto natives. However, traditional financial institutions remain positive, exploring blockchain and tokenization. Bitcoin finds strong fundamental support around $60,000, and a decentralized perpetual futures exchange called Hyperliquid is highlighted for its ability to allow traders to chase momentum in both crypto and non-crypto assets.