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Partially. For Bitcoin the deep drawdown appears to be over, and risk assets are recovering. But for the crypto stocks sector broadly, the pullback isn't clearly over yet as many still haven't regained momentum yet. The bull might be in its early form with encouraging signs that a new bullish leg could be starting, but it's not yet fully validated. More confirmation is required.
Bullish 1. Rate cuts by the Fed could keep liquidity high and borrowing costs low. 2. AI-driven profits and continued corporate earnings surprises may sustain momentum.