‘I think we’re nearing the bottom’: Bitwise CIO says Strategy’s STRC selloff is part of bitcoin’s end-of-cycle dynamics
The Block·
60-second summary
Bitwise CIO Matt Hougan believes Strategy's STRC selloff is indicative of end-of-cycle dynamics, a sign that precedes a bitcoin market bottom. He thinks we're nearing the bottom, suggesting a potential rebound in the cryptocurrency market. This selloff could be a necessary correction, paving the way for a future price increase.
Bitwise CIO Matt Hougan says Strategy's STRC selloff reflects the kind of "end-of-cycle" deleveraging that precedes a bitcoin market bottom.