Standard Chartered analyst Geoffrey Kendrick suggests that Bitcoin's recent sell-off may have concluded, with potential for a year-end rally. Bitcoin's price fell below $90,000, marking its most significant decline since the U.S. spot ETF launch. However, Kendrick points to key metrics indicating seller exhaustion, including MSTR's modified NAV dropping to 1.0, which could signal a market bottom. Bitcoin has since rebounded to nearly $93,000 as of Tuesday.