[Standard Chartered Bank Head of Digital Asset Research: Bitcoin 'Bottom is Near,' Maintains Year-End $100,000 Target] According to The Block, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that after Bitcoin's recent sharp decline, the 'bottom is almost here,' with the current range of approximately $63,000 being a 'buying zone.' He noted that since February, U.S. spot Bitcoin ETF holdings have remained largely stable without the feared concentrated redemptions, indicating more 'structural stability' in capital flows. Kendrick predicts that after the recent Strategy sale of 32 BTC, which triggered selling pressure, there may be a historical pattern of repurchasing at 10x or even 100x the scale, potentially signaling a confirmation of a short-term bottom. He also cautioned that Bitcoin still faces downside risks of falling below $60,000 but believes that staggered buying is preferable to attempting to time the exact bottom.