Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered PLC (LSE: $STAN), released a research report on June 12, officially declaring that “the crypto winter is likely over.” He believes that the $59,000 level for Bitcoin has formed the low point of this bear market cycle, marking a significant turning point in market sentiment. Kendrick stated that a large amount of IPO allocation funds will flow back into risk assets after the SpaceX IPO, and the funding flow for Bitcoin spot ETFs is expected to achieve a structural reversal after this adjustment, combined with the continuous expansion of corporate reserve demand, supporting his view with three factors. This is the strongest “bear end” qualitative statement from…