Bitcoin has dropped 14% over the past week, hitting levels not seen since February, with broader crypto markets also suffering. Despite this downturn, Geoff Kendrick, Standard Chartered's global head of digital assets research, believes the market low is near. Kendrick's optimism is based on three factors: Strategy's potential BTC buyback, resilient ETF holdings, and completed liquidations. Strategy, which sold 32 BTC last week, might repurchase significantly more, signaling a market bottom. Meanwhile, U.S. spot ETFs have maintained strong holdings despite recent outflows, and with $1.5 billion in bitcoin futures liquidated, the pool of leveraged longs is reduced. Kendrick suggests that accumulating bitcoin now could be wise, anticipating BTC at $100,000 by the end of 2026.