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Feb 10
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LONG
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Matt Hougan
CIO, Bitwise Asset Management
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Financial advisors are buying the current 50% drawdown, viewing it as a standard cyclical correction rather than a systemic failure. The selling pressure is coming from "fast money" (hedge funds) and "OGs" taking profit, not the core ETF investor base. Historically, Bitcoin has retraced 77-85% in winters; the current 50% drop suggests ETFs are actually buoying the price. If the market stabilizes here, it signals a bottom. Bitwise advisor accounts showed significant net inflows last week (counter-trend to the price action). If this turns into a full "Crypto Winter" like 2018/2022, prices could drop significantly further before bottoming. |
CNBC
ETF Edge on how bitcoin’s 2026 slide is throw...
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