Token Bay Capital's Lucy Gazmararian told CNBC that crypto is nearing the end of its bear market but still expects one final drop of around 20% to match prior cycles, noting the market had been heavily leveraged short and those positions have now been wiped out. That caution sits against a market pricing the opposite: prediction platforms put the odds of Bitcoin reclaiming $100,000 before October at roughly 31%. Traders are watching $80,000 for continuation, with a close back below $68,000 negating the breakout entirely.