K33 research director Vetle Lunde has downplayed immediate threats to Bitcoin, suggesting that current market fears are exaggerated and based on distant, hypothetical risks. In the December market outlook report, Lunde identified factors such as derivatives surplus, long-term holder selling, and broad supply distribution as catalysts for recent market lows. Lunde highlighted potential midterm benefits from policy and structural changes, including new U.S. 401(k) retirement plan guidelines set for February 2026. These guidelines will allow crypto allocations in a $9 trillion market, potentially enhancing Bitcoin's market outlook.