According to media reports, Cantor Fitzgerald, the Wall Street Investments, believes that the encryption market may have entered the final phase of the current bear market. In its latest report, the Agency indicated that, if Bitcoin were to continue the rhythm of the previous rounds, the low point in the current round could appear in the coming months, roughly near October.
The cycle model points to near October.
According to Cantor, as of 10 June, 252 days had passed by Bitcoin over the 2025 high point, with prices around 51 per cent withdrawn. In the previous three market cycles, bitcoin averaged 384 days after the peak. Based on this historical average, a low point may occur in late October if a similar trajectories continue in the lower line of this round.
The report also mentions that this model is not a precise timing tool. Interest rates, regulatory changes and geo-situations may affect the rhythm, but the encrypted market itself has a strong self-enhancement character, and the historical cycle still has an impact on transactions.
The recent return is driven by multiple factors.
In recent months, the encryption market as a whole has been under pressure. Bitcoin has fallen more than 50% since late 2025, and the rapid fall in June has further exacerbated the market pressure. Cantor attributed this round adjustment to a number of factors, including ongoing outflows of spot ETFs, maintenance of high interest rates and weak risk preferences.
In this fall, the currency of the Taifung and most of the mainstream mountains is weaker than the bitcoin. However, parts of the tracks, such as DeFi and monetization, are relatively more resilient, indicating that the funds are not completely out of the chain.
The agency turned to focus on value deposition
The article argues that, as markets approach potential points of convergence, the focus may shift from short-term speculation to networks that can sustain the deposition of value. Cantor states that the use of stable coins, real-world asset monetization, chain credit and DeFi is still expanding, but that “use” does not necessarily mean “value of the token”.
The agency places greater emphasis on two types of capacity: the ability to transform chain activities into a continuous cash flow, and the ability to generate long-term monetary demand. For example, the report states that Hyperliquid has demonstrated a clearer fee-driven currency economy through HYPE buy-back and destruction mechanisms; bitcoin is still considered a benchmark currency asset, while the Taifeng continues to dominate the chain financial collateral layer.
For Solana, Sui, XRP and Zcash, Cantor sees each of these networks as an advantage, but there is still a need to prove whether ecological growth ultimately translates into a stable and sustainable demand for currency.
Digital Asset Treasury was also named.
In addition to the public chain and agreements, Cantor referred to the subject of Digital Asset Treasury. According to the article, such companies are moving from passive currency holders to more active operators and are beginning to participate in the market through revenue management, infrastructure development and institutional access services.
Cantor has begun to cover two digital asset banks: Forward Industries and Cypherpunk Technologies, with target prices of $7.90 and $0.90 respectively.