Bitwise says STRC selloff signals crypto cycle nearing a bottom, not Strategy’s breaking point
CoinDesk·
60-second summary
Bitwise asserts that STRC's recent selloff signifies a late-cycle leverage unwind, indicating the crypto market is nearing a bottom, rather than Strategy's breaking point. This volatility reflects institutions' potential to step in as bitcoin's largest buyer, replacing Strategy's dominance, and may signal a shift in market dynamics, potentially stabilizing prices and paving the way for a recovery.
Bitwise said STRC's volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin's biggest buyer.