The cryptocurrency market has been experiencing a challenging phase, culminating in a significant decline last week. Investors hopeful for a recovery are anxiously searching for any signs that this bear market has finally reached its bottom. Interestingly, some of the clearest signals often come from the market's biggest critics. When long-time sceptics of Bitcoin start to voice their approval of its decline, it could indicate that a rebound may be on the horizon. For instance, the Financial Times, which has been sceptical of Bitcoin for over a decade, recently featured a column by Jemima Kelly with the headline stating that Bitcoin is "$69,000 too high." The headline was later updated to reflect the current price of $70,000. In her argument, she claimed that Bitcoin's value is based entirely on "thin air" and that the pool of new buyers is dwindling. Earlier in the week, another writer from the Financial Times criticised MicroStrategy (MSTR), a company that has heavily invested in Bitcoin. With the company's stock declining sharply, the article described MicroStrategy as a "gigantic mastodon stuck in tar pits," flailing to find a way out. The criticism doesn’t end there. Peter Schiff, a well-known gold advocate and Bitcoin critic, also added his voice to the chorus. He mocked MicroStrategy's investment returns and stated that "Bitcoin is in a long-term bear market priced in gold." What does all this mean for investors? As one former hedge fund manager cautioned, "I refuse to pick bottoms. Monkeys spend all their time picking bottoms." Timing the exact low point based on headlines can be tricky. However, extreme negativity from traditional sceptics is often viewed as a classic contrarian indicator—suggesting that a bottom might be forming. In other news that typically surfaces during market lows, reports indicate that investor interest in Tether's (USDT) planned funding round may be waning. While the company claims there is strong interest, the Financial Times reports that some investors are pushing back against its high valuation. The overall mood in the market is deeply pessimistic, with prominent voices declaring the decline of cryptocurrency. Historically, such widespread bearishness can signal that a market is nearing exhaustion, but pinpointing the exact bottom remains a challenge. $BTC #BinanceBitcoinSAFUFund #CryptoUpdate #MarketAnalysis #Bitcoin #BTC #TradingStrategy #BearMarket #ContrarianIndicator #Binance #CryptoNews #Blockchain