[Cantor Fitzgerald Predicts Bitcoin May Be in the Early Stages of a Crypto Winter] Cantor Fitzgerald analyst Brett Knoblauch predicted in his latest report that Bitcoin might be in the early stages of a crypto winter, with its price potentially remaining under pressure for several months and possibly testing Strategy company's average cost price of approximately $75,000. He stated that this round of adjustment may not necessarily be accompanied by large-scale liquidations or systemic collapses. Institutional participants are shaping the market landscape, and the gap between token price performance and real progress in areas such as decentralized finance, asset tokenization, and crypto infrastructure is widening.