Grayscale is telling investors to treat Bitcoin's current price levels as a buying opportunity. Zach Pandl, who heads up research at Grayscale, believes the market already hit a local bottom around $58k at the end of June. Grayscale is sticking to its bullish long-term outlook for the crypto market.

What Grayscale Is Saying

With the current market cycle and improving on-chain metrics, Grayscale sees today’s BTC prices as an attractive entry zone. The firm is all about building positions gradually: Grayscale recommends increasing crypto allocations in investment portfolios.

Context: Cycle and On-Chain Trends

Grayscale points to a solid backdrop from on-chain data and where we are in the market cycle. Even with short-term volatility risks, their long-term outlook for the market stays positive—which backs up the call that BTC is a compelling buy at these levels.