Was Bitcoin (BTC) and Ethereum (ETH)\'s bottom in early 2023? Huobi Research weighed in. With Bitcoin BTC recording a high in 2025, the community expected the asset to move beyond 69K. However, in a whole new turn of events, the bears decided to settle down. Crypto exchange Huobi belonged to the former, as it believed that the asset had already reached its bottom.

Many investors are asking, "Have we seen the worst of the crypto winter?" According to a recent report, Huobi highlighted that considering the Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual Report that the prices of bitcoin and ether will start surging after the first. This has led to speculation about whether the Bitcoin Ethereum bottom in early 2023 is truly behind us.

Some analysts believe further downside is possible. The team at Huobi Research has forecasted that the crypto markets could bottom in early 2025, with Bitcoin finding a floor at $15k and Ethereum at $1k. According to a… this more pessimistic view suggests waiting for more confirmation before going all-in on Bitcoin and Ethereum.

However, positive developments are also emerging. Although little progress has been made in Bitcoin mining, the Ethereum staking rate is only at 12.56%; a new era of staking-as-a-service is about to begin. On… This signals a potential shift towards a more sustainable and rewarding ecosystem for ETH holders, potentially driving future price appreciation.

Ultimately, predicting the exact bottom of Bitcoin and Ethereum is impossible. However, keeping a close eye on reports like those from Huobi Research, along with monitoring on-chain metrics and market sentiment, is crucial for making informed investment decisions. Whether the true Bitcoin Ethereum bottom occurred in early 2023 remains to be seen, but careful analysis can help you navigate the volatile crypto landscape.