Bitwise CIO Matt Hougan says investors are asking the wrong question about bitcoin's bottom, arguing the real focus should be whether the next cycle top still lies ahead

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BTC is sitting around $66.4k after U.S. spot ETFs shed roughly $2.45B net since May 28, so the next leg needs allocators to restart size. An IBIT/FBTC and MSTR-style treasury-bid top would be quieter than 2021 retail mania: basis desks, RIA model books, and slower distribution replacing Coinbase app-ranking fever.

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Bitwise CIO Matt Hougan says investors are asking the wrong question about bitcoin's bottom, arguing the real focus should be whether the next cycle top still lies ahead

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Bitwise CIO Matt Hougan says investors are asking the wrong question about bitcoin's bottom, arguing the real focus should be whether the next cycle top still lies ahead

More coverage

Explore the topic

More on Bitcoin

Lazarus-labeled address moves 262 $BTC worth $16.6M to two new Bitcoin addresses

BIP-110’s failed Bitcoin fork shows why recreating Bitcoin’s early conditions may now be nearly impossible, says Plan B Network director Giacomo Zucco

Goldman Sachs enters bitcoin income ETFs with a $2.25B acquisition of NEOS, expanding its derivatives platform to $130B in ETF assets and challenging BlackRock

Odds That Bitcoin Just Notched A 'Major Low' Are Rising

Twenty One Capital posts $414M Q2 loss as new CEO Raphael Zagury plans to turn its 43,514-BTC treasury into an operating business beyond Bitcoin holdings

Russia proposes a $3,645 annual crypto purchase cap for retail investors, limiting access to Bitcoin, Ethereum and USDT under new rules

Lazarus-labeled address moves 262 $BTC worth $16.6M to two new Bitcoin addresses

BIP-110’s failed Bitcoin fork shows why recreating Bitcoin’s early conditions may now be nearly impossible, says Plan B Network director Giacomo Zucco

Goldman Sachs enters bitcoin income ETFs with a $2.25B acquisition of NEOS, expanding its derivatives platform to $130B in ETF assets and challenging BlackRock

Odds That Bitcoin Just Notched A 'Major Low' Are Rising

Twenty One Capital posts $414M Q2 loss as new CEO Raphael Zagury plans to turn its 43,514-BTC treasury into an operating business beyond Bitcoin holdings

Russia proposes a $3,645 annual crypto purchase cap for retail investors, limiting access to Bitcoin, Ethereum and USDT under new rules

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