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Matt Hougan of Bitwise Says Bitcoin Likely Near Bottom — “Not Much Downside Left”
Hougan said that Bitcoin appears to be near the bottom of a six-month correction, with “not much downside left.”
Despite the recent sell-off (BTC dipped from over $120,000 in October to about $92,000), Bitwise is keeping its long-term target for BTC intact.
According to him, the extreme selling pressure at round-number levels (like $100,000) was underestimated. Many early buyers took profits, while fear around the four-year bitcoin cycle amplified the drop.
However, Hougan remains optimistic — citing potential catalysts such as renewed institutional demand, greater ETF access via traditional finance firms, and a shifting macro backdrop that could support a rebound.
What That Means for Traders / Investors
If Hougan is right, the current BTC price area may be a “buy zone” — downside seems limited while upside potential remains.
For long-term investors, this could be an opportunity: a relatively lower entry point into a long-term bullish thesis, especially if institutional flows return.
But: “Limited downside” doesn’t mean no downside. Market risks remain — macro conditions, regulation, and broader risk sentiment could still disrupt price.
For short-term traders: volatility might ease, but big swings remain possible. Approach with caution; manage risk (position sizing, stop-loss, not chasing).
#bitcoin #Bitwise #CryptoOutlook #BTC #CryptoInvestment
Hougan said that Bitcoin appears to be near the bottom of a six-month correction, with “not much downside left.”
Despite the recent sell-off (BTC dipped from over $120,000 in October to about $92,000), Bitwise is keeping its long-term target for BTC intact.
According to him, the extreme selling pressure at round-number levels (like $100,000) was underestimated. Many early buyers took profits, while fear around the four-year bitcoin cycle amplified the drop.
However, Hougan remains optimistic — citing potential catalysts such as renewed institutional demand, greater ETF access via traditional finance firms, and a shifting macro backdrop that could support a rebound.
What That Means for Traders / Investors
If Hougan is right, the current BTC price area may be a “buy zone” — downside seems limited while upside potential remains.
For long-term investors, this could be an opportunity: a relatively lower entry point into a long-term bullish thesis, especially if institutional flows return.
But: “Limited downside” doesn’t mean no downside. Market risks remain — macro conditions, regulation, and broader risk sentiment could still disrupt price.
For short-term traders: volatility might ease, but big swings remain possible. Approach with caution; manage risk (position sizing, stop-loss, not chasing).
#bitcoin #Bitwise #CryptoOutlook #BTC #CryptoInvestment
THE BITWISE INDEX JUST TRIGGERED THE SUI EXPLOSION
$SUI is now officially in the institutional big leagues. The explosive 20% pump over the last two days wasn't random; it was directly triggered by inclusion in the prestigious Bitwise 10 Crypto Index. This is the ultimate signal of serious institutional exposure finally coming online. We just saw a textbook bullish breakout from a falling wedge pattern, confirming momentum. With broader market sentiment remaining bullish alongside $BTC, this move has serious legs. Watch this chart immediately.
Not financial advice. Trade responsibly.
#SUI #Bitwise #Altcoins #Breakout #Crypto
⚡️
$SUI is now officially in the institutional big leagues. The explosive 20% pump over the last two days wasn't random; it was directly triggered by inclusion in the prestigious Bitwise 10 Crypto Index. This is the ultimate signal of serious institutional exposure finally coming online. We just saw a textbook bullish breakout from a falling wedge pattern, confirming momentum. With broader market sentiment remaining bullish alongside $BTC, this move has serious legs. Watch this chart immediately.
Not financial advice. Trade responsibly.
#SUI #Bitwise #Altcoins #Breakout #Crypto
⚡️
🔥 ETF BITCOIN GHI NHẬN DÒNG CHẢY RA LỚN NHẤT TRONG 2 TUẦN
IBIT của #BlackRock dẫn đầu với 112,9 triệu đô la bị rút ra, tiếp theo là FBTC của #Fidelity với 54,2 triệu đô la. HODL của #VanEck , GBTC của #Grayscale và BITB của #Bitwise cũng ghi nhận dòng tiền chảy ra
$BTC
$SOL
$BNB
IBIT của #BlackRock dẫn đầu với 112,9 triệu đô la bị rút ra, tiếp theo là FBTC của #Fidelity với 54,2 triệu đô la. HODL của #VanEck , GBTC của #Grayscale và BITB của #Bitwise cũng ghi nhận dòng tiền chảy ra
$BTC
$SOL
$BNB
Bitwise首席投资官：别担心，微策略不会抛售比特币
原文作者：Matt Hougan，Bitwise 首席投资官
「尽管微策略面临被 MSCI 剔除的可能和市场担忧，Bitwise首席投资官Matt Hougan认为其抛售比特币的风险被夸大，当前现金充足、债务压力不大，所谓「末日论」难以成立。」
最近，我的收件箱里塞满了关于比特币储备上市公司微策略（Strategy）的疑问，具体来说，大家主要关心两个问题：
1. 微策略是否会被移出 MSCI 指数，进而导致其股票被强制抛售？
2. 微策略是否会被迫出售持有的比特币？
我们来逐一分析。
MSCI 指数与微策略的关联
10 月 10 日，MSCI 宣布正考虑将微策略这类加密资产储备公司（DAT）从其可投资指数中剔除。这意义重大，因为近 17 万亿美元的资产以这些指数为基准。摩根大通测算，如果微策略被移出指数，指数基金可能被迫抛售价值高达 28 亿美元的 MSTR 股票。
你或许会疑惑：MSCI 为何要这么做？它的观点是，微策略这类加密资产储备公司更偏向控股公司，而非经营性公司。MSCI 的可投资指数本就将房地产投资信托基金等控股公司排除在外，而多数加密资产储备公司的业务仅为购买并持有加密资产，因此 MSCI 认为它们不应在指数中占有一席之地。经过与客户的沟通后，MSCI 将于 1 月 15 日公布最终决定。
我无法预判 MSCI 的最终裁定。作为一名资深指数领域研究者，我曾担任学术期刊《指数杂志》的编辑长达十年，我认为此事存在两种可能性。迈克尔・塞勒等人已强硬反驳，称微策略是实打实的经营性公司，不仅拥有稳健的软件业务，还围绕比特币开展了复杂的金融工程操作。这一说法合乎情理，我本人也认同其业务属性。但此事并非板上钉钉，我也能想到部分机构会持相反意见。鉴于加密资产储备公司的争议性，且 MSCI 目前已有剔除意向，我猜测微策略被移出指数的概率至少有 75%。
但我并不认为被移出指数会对其股票造成太大冲击。28 亿美元的抛售规模看似庞大，但从我多年观察指数纳入与剔除事件的经验来看，其实际影响往往比预期小，且会被市场提前消化。例如，去年 12 月微策略纳入纳斯达克 100 指数时，追踪该指数的基金需买入 21 亿美元的 MSTR 股票，但其股价几乎未出现波动。
我认为 10 月 10 日以来 MSTR 股价的小幅下跌，部分原因是市场已提前计入了「被移出指数」的预期。不过现阶段，其股价大概率不会出现大幅波动。
从长期来看，MSTR 的价值取决于其战略执行效果，而非指数基金是否被迫持有其股票。
微策略与比特币的持仓
另一个疑问是微策略是否会抛售比特币。看空者的担忧逻辑如下：
微策略被移出 MSCI 指数；其股价暴跌，跌至远低于资产净值（NAV）的水平；最终被迫出售比特币。
这个逻辑看似通顺，但遗憾的是它完全站不住脚。MSTR 股价跌破资产净值，不会触发其抛售比特币的行为，你可以自行查阅相关细则并核算。
微策略的债务仅有两项关键履约义务：一是每年需支付约 8 亿美元利息，二是部分债务工具到期时需完成转换或展期。
利息支付短期内无需担忧。公司目前持有 14 亿美元现金，足以轻松支付一年半的利息。
同样，债务转换也非近期难题。首批债务工具 2027 年 2 月才会到期，且规模仅约 10 亿美元，对持有 600 亿美元比特币的微策略而言，这不过是九牛一毛。
如果 MSTR 股价持续走低，内部人士会施压公司抛售比特币吗？可能性极低。迈克尔・塞勒本人掌控着 42% 的投票权股份，你很难再找到比他对比特币长期价值更坚定的人。2022 年 MSTR 股价也曾处于折价状态，当时他就未曾抛售。
我理解空头为何热衷于炒作微策略的「末日」论调。如果微策略被迫一次性抛售 600 亿美元比特币，对整个比特币市场的打击将是毁灭性的，其规模相当于比特币 ETF 两年的资金流入量。但鉴于公司 2027 年前无到期债务，且现金足以覆盖可预见的利息支出，这种极端情况绝无可能发生。我们也应从更宏观的视角看待当前局势：撰写本文时，比特币价格约为 9.2 万美元，虽较历史高点下跌 27%，但仍比微策略的比特币平均持仓成本（74,436 美元）高出 24%。所谓的「末日」，不过是无稽之谈。
结论
如果你真想为加密行业的某些事忧心，其实有不少值得关注的点。比如，我对国会层面市场结构法案的推进速度略感担忧，不过随着政府机构恢复正常运作，我认为法案推进将提速；我也担心部分规模小、运营不善的加密资产储备公司可能会倒闭；同时我预计 2026 年加密资产储备公司不会大举增持比特币，这意味着市场将失去一个重要的近期需求来源。
但对于微策略：
不必担忧 MSCI 的决定对微策略股价的影响，实际冲击远小于多数人预期，且大概率已被市场消化；短期内不存在任何合理机制会迫使它抛售比特币，这种情况不会发生。
对比特币的坚定信念需要付出代价：当市场出现波动时，需保持冷静和耐心。没人比塞勒和微策略更懂这一点，因为他们同样清楚这份耐心的另一面。长期来看，这份坚守终将获得丰厚回报。
#微策略公司 #Bitwise #比特币走势分析
「尽管微策略面临被 MSCI 剔除的可能和市场担忧，Bitwise首席投资官Matt Hougan认为其抛售比特币的风险被夸大，当前现金充足、债务压力不大，所谓「末日论」难以成立。」
最近，我的收件箱里塞满了关于比特币储备上市公司微策略（Strategy）的疑问，具体来说，大家主要关心两个问题：
1. 微策略是否会被移出 MSCI 指数，进而导致其股票被强制抛售？
2. 微策略是否会被迫出售持有的比特币？
我们来逐一分析。
MSCI 指数与微策略的关联
10 月 10 日，MSCI 宣布正考虑将微策略这类加密资产储备公司（DAT）从其可投资指数中剔除。这意义重大，因为近 17 万亿美元的资产以这些指数为基准。摩根大通测算，如果微策略被移出指数，指数基金可能被迫抛售价值高达 28 亿美元的 MSTR 股票。
你或许会疑惑：MSCI 为何要这么做？它的观点是，微策略这类加密资产储备公司更偏向控股公司，而非经营性公司。MSCI 的可投资指数本就将房地产投资信托基金等控股公司排除在外，而多数加密资产储备公司的业务仅为购买并持有加密资产，因此 MSCI 认为它们不应在指数中占有一席之地。经过与客户的沟通后，MSCI 将于 1 月 15 日公布最终决定。
我无法预判 MSCI 的最终裁定。作为一名资深指数领域研究者，我曾担任学术期刊《指数杂志》的编辑长达十年，我认为此事存在两种可能性。迈克尔・塞勒等人已强硬反驳，称微策略是实打实的经营性公司，不仅拥有稳健的软件业务，还围绕比特币开展了复杂的金融工程操作。这一说法合乎情理，我本人也认同其业务属性。但此事并非板上钉钉，我也能想到部分机构会持相反意见。鉴于加密资产储备公司的争议性，且 MSCI 目前已有剔除意向，我猜测微策略被移出指数的概率至少有 75%。
但我并不认为被移出指数会对其股票造成太大冲击。28 亿美元的抛售规模看似庞大，但从我多年观察指数纳入与剔除事件的经验来看，其实际影响往往比预期小，且会被市场提前消化。例如，去年 12 月微策略纳入纳斯达克 100 指数时，追踪该指数的基金需买入 21 亿美元的 MSTR 股票，但其股价几乎未出现波动。
我认为 10 月 10 日以来 MSTR 股价的小幅下跌，部分原因是市场已提前计入了「被移出指数」的预期。不过现阶段，其股价大概率不会出现大幅波动。
从长期来看，MSTR 的价值取决于其战略执行效果，而非指数基金是否被迫持有其股票。
微策略与比特币的持仓
另一个疑问是微策略是否会抛售比特币。看空者的担忧逻辑如下：
微策略被移出 MSCI 指数；其股价暴跌，跌至远低于资产净值（NAV）的水平；最终被迫出售比特币。
这个逻辑看似通顺，但遗憾的是它完全站不住脚。MSTR 股价跌破资产净值，不会触发其抛售比特币的行为，你可以自行查阅相关细则并核算。
微策略的债务仅有两项关键履约义务：一是每年需支付约 8 亿美元利息，二是部分债务工具到期时需完成转换或展期。
利息支付短期内无需担忧。公司目前持有 14 亿美元现金，足以轻松支付一年半的利息。
同样，债务转换也非近期难题。首批债务工具 2027 年 2 月才会到期，且规模仅约 10 亿美元，对持有 600 亿美元比特币的微策略而言，这不过是九牛一毛。
如果 MSTR 股价持续走低，内部人士会施压公司抛售比特币吗？可能性极低。迈克尔・塞勒本人掌控着 42% 的投票权股份，你很难再找到比他对比特币长期价值更坚定的人。2022 年 MSTR 股价也曾处于折价状态，当时他就未曾抛售。
我理解空头为何热衷于炒作微策略的「末日」论调。如果微策略被迫一次性抛售 600 亿美元比特币，对整个比特币市场的打击将是毁灭性的，其规模相当于比特币 ETF 两年的资金流入量。但鉴于公司 2027 年前无到期债务，且现金足以覆盖可预见的利息支出，这种极端情况绝无可能发生。我们也应从更宏观的视角看待当前局势：撰写本文时，比特币价格约为 9.2 万美元，虽较历史高点下跌 27%，但仍比微策略的比特币平均持仓成本（74,436 美元）高出 24%。所谓的「末日」，不过是无稽之谈。
结论
如果你真想为加密行业的某些事忧心，其实有不少值得关注的点。比如，我对国会层面市场结构法案的推进速度略感担忧，不过随着政府机构恢复正常运作，我认为法案推进将提速；我也担心部分规模小、运营不善的加密资产储备公司可能会倒闭；同时我预计 2026 年加密资产储备公司不会大举增持比特币，这意味着市场将失去一个重要的近期需求来源。
但对于微策略：
不必担忧 MSCI 的决定对微策略股价的影响，实际冲击远小于多数人预期，且大概率已被市场消化；短期内不存在任何合理机制会迫使它抛售比特币，这种情况不会发生。
对比特币的坚定信念需要付出代价：当市场出现波动时，需保持冷静和耐心。没人比塞勒和微策略更懂这一点，因为他们同样清楚这份耐心的另一面。长期来看，这份坚守终将获得丰厚回报。
#微策略公司 #Bitwise #比特币走势分析
The Vanguard Trap: Why They Just Listed A Dead Coin
Vanguard listing the Bitwise Crypto Index Fund $BITW is a massive, quiet shift. This is not retail speculation; this is institutional infrastructure being built, mirroring the creation of a crypto Nasdaq 100.
While $BTC and $ETH inclusion is expected, the composition of the fund tells us everything about where smart money sees long-term potential. The list includes $ADA, $LINK, $SOL, and $XRP. But the real shocker is $DOT . Retail sentiment has already declared $DOT dead, noting how many bag holders are underwater from previous highs.
However, its inclusion by Bitwise suggests that institutional analysts prioritize underlying technology and ecosystem potential over short-term price performance. They are betting on core infrastructure surviving the bear cycle, regardless of current narrative weakness. This listing validates the entire sector, even the parts that feel broken.
This is not financial advice.
#CryptoIndex
#Vanguard
#InstitutionalMoney
#Bitwise
📈
Vanguard listing the Bitwise Crypto Index Fund $BITW is a massive, quiet shift. This is not retail speculation; this is institutional infrastructure being built, mirroring the creation of a crypto Nasdaq 100.
While $BTC and $ETH inclusion is expected, the composition of the fund tells us everything about where smart money sees long-term potential. The list includes $ADA, $LINK, $SOL, and $XRP. But the real shocker is $DOT . Retail sentiment has already declared $DOT dead, noting how many bag holders are underwater from previous highs.
However, its inclusion by Bitwise suggests that institutional analysts prioritize underlying technology and ecosystem potential over short-term price performance. They are betting on core infrastructure surviving the bear cycle, regardless of current narrative weakness. This listing validates the entire sector, even the parts that feel broken.
This is not financial advice.
#CryptoIndex
#Vanguard
#InstitutionalMoney
#Bitwise
📈
$ETH DAT Activity Dried Up
According to the latest #Bitwise report, #ETH DATs saw significantly lower activity in November, with only 370K ETH bought, down 81% from August.
#DAT #analysis #BinanceBlockchainWeek
According to the latest #Bitwise report, #ETH DATs saw significantly lower activity in November, with only 370K ETH bought, down 81% from August.
#DAT #analysis #BinanceBlockchainWeek
ETH Demand Just Fell Off A Cliff
We need to talk about $ETH demand.
The long-heralded "treasury accumulation model"—which was widely expected to be the bedrock of the next altseason—is collapsing. New data from Bitwise reveals a catastrophic 81% drop in accumulation by Ethereum-based treasuries (DATs).
These treasuries only purchased 370,000 $ETH in November, a drastic decline from the 1.97 million peak recorded just three months prior. This is not merely a slowdown; it’s a structural failure in demand.
Bitwise cautions that sustained downward pressure on the market value of net assets (mNAV) and weakening buying power are pushing smaller treasuries into a death spiral, making capital mobilization impossible. If this foundational structural demand vanishes, the narrative for $ETH shifts dramatically. While $BTC absorbs liquidity, the largest smart contract platform is showing critical weakness.
The report’s conclusion is stark: The wave of withdrawal has already begun.
This is not financial advice.
#Ethereum #CryptoAnalysis #Altseason #Bitwise #Macro 📉
We need to talk about $ETH demand.
The long-heralded "treasury accumulation model"—which was widely expected to be the bedrock of the next altseason—is collapsing. New data from Bitwise reveals a catastrophic 81% drop in accumulation by Ethereum-based treasuries (DATs).
These treasuries only purchased 370,000 $ETH in November, a drastic decline from the 1.97 million peak recorded just three months prior. This is not merely a slowdown; it’s a structural failure in demand.
Bitwise cautions that sustained downward pressure on the market value of net assets (mNAV) and weakening buying power are pushing smaller treasuries into a death spiral, making capital mobilization impossible. If this foundational structural demand vanishes, the narrative for $ETH shifts dramatically. While $BTC absorbs liquidity, the largest smart contract platform is showing critical weakness.
The report’s conclusion is stark: The wave of withdrawal has already begun.
This is not financial advice.
#Ethereum #CryptoAnalysis #Altseason #Bitwise #Macro 📉
BITCOIN IS TRADING AT A 66 PERCENT DISCOUNT
We are witnessing one of the most profound macroeconomic disconnects in years, and the data suggests $BTC is dramatically mispriced.
Global liquidity is surging, yet the king of crypto is struggling to keep pace with money supply expansion and the record performance of Gold. A recent Bitwise report drills down on this gap, labeling it a massive asymmetric opportunity.
According to their model, $BTC is currently undershooting the global money supply trajectory by a staggering 66 percent. This analysis implies a model-based fair value for Bitcoin closer to $270,000. If this historical relationship snaps back, the structural upside for $BTC over the next two cycles is immense. The market is failing to price in the monetary reality.
This is not financial advice.
#Macro
#Liquidity
#Bitcoin
#Bitwise
#Asymmetric
🔥
We are witnessing one of the most profound macroeconomic disconnects in years, and the data suggests $BTC is dramatically mispriced.
Global liquidity is surging, yet the king of crypto is struggling to keep pace with money supply expansion and the record performance of Gold. A recent Bitwise report drills down on this gap, labeling it a massive asymmetric opportunity.
According to their model, $BTC is currently undershooting the global money supply trajectory by a staggering 66 percent. This analysis implies a model-based fair value for Bitcoin closer to $270,000. If this historical relationship snaps back, the structural upside for $BTC over the next two cycles is immense. The market is failing to price in the monetary reality.
This is not financial advice.
#Macro
#Liquidity
#Bitcoin
#Bitwise
#Asymmetric
🔥
#Dogecoin became one of the most watched meme coins after two official $DOGE spot products were released in November, namely the Grayscale ETP (GDOG) and the #Bitwise ETF (BWOW).
However, inflows remain limited. Grayscale has only recorded around US$2.16 million, while Bitwise has yet to record any inflows, indicating that institutional interest has not yet solidified.
The past week's rally, which saw $DOGE rise 9.4%, is seen as more a reaction to ETF sentiment than a structural change.
On a monthly basis, $DOGE is still correcting by more than 20%. Analysts from NoOnes also emphasized that $DOGE 's price response remains solely headline-driven, with no significant institutional demand.
Technicals show a hidden bearish divergence between price and the RSI, a signal that often supports a continuation of the downtrend.
#DOGE must break through US$0.20 to solidify its December rally. Conversely, a drop below US$0.13 could open the door to additional selling pressure.
#TrumpTariffs
#BinanceAlphaAlert
However, inflows remain limited. Grayscale has only recorded around US$2.16 million, while Bitwise has yet to record any inflows, indicating that institutional interest has not yet solidified.
The past week's rally, which saw $DOGE rise 9.4%, is seen as more a reaction to ETF sentiment than a structural change.
On a monthly basis, $DOGE is still correcting by more than 20%. Analysts from NoOnes also emphasized that $DOGE 's price response remains solely headline-driven, with no significant institutional demand.
Technicals show a hidden bearish divergence between price and the RSI, a signal that often supports a continuation of the downtrend.
#DOGE must break through US$0.20 to solidify its December rally. Conversely, a drop below US$0.13 could open the door to additional selling pressure.
#TrumpTariffs
#BinanceAlphaAlert
B
LSK/USDT
Price
0.231
🎯 VANGUARD LISTA BITWISE 10 CRYPTO INDEX FUND 🎯
Vanguard, dopo aver inserito ieri nella sua piattaforma gli ETF di Bitcoin, Ethereum, Ripple e Solana, ed aver aggiunto oggi quello di Hedera, ha quotato il Bitwise 10 Crypto Index Fund (BITW), primo e più grande indice crypto al mondo con 1,25 miliardi di asset gestiti.
Il fondo replica i 10 asset crypto top per capitalizzazione, filtrati per rischi: Bitcoin BTC, Ethereum ETH, Solana SOL, Ripple XRP, Avalanche AVAX, Chainlink LINK, Sui SUI, Cardano ADA, Polkadot DOT, Litecoin LTC.
Rebalance mensile, fee 2,5%, custody Coinbase.
Accesso istituzionale semplice a crypto diversificate senza picking, ideale per portafogli retail e advisor Vanguard.
#BreakingCryptoNews #Bitwise #etf #Vanguard $SUI $AVAX #ADA
Vanguard, dopo aver inserito ieri nella sua piattaforma gli ETF di Bitcoin, Ethereum, Ripple e Solana, ed aver aggiunto oggi quello di Hedera, ha quotato il Bitwise 10 Crypto Index Fund (BITW), primo e più grande indice crypto al mondo con 1,25 miliardi di asset gestiti.
Il fondo replica i 10 asset crypto top per capitalizzazione, filtrati per rischi: Bitcoin BTC, Ethereum ETH, Solana SOL, Ripple XRP, Avalanche AVAX, Chainlink LINK, Sui SUI, Cardano ADA, Polkadot DOT, Litecoin LTC.
Rebalance mensile, fee 2,5%, custody Coinbase.
Accesso istituzionale semplice a crypto diversificate senza picking, ideale per portafogli retail e advisor Vanguard.
#BreakingCryptoNews #Bitwise #etf #Vanguard $SUI $AVAX #ADA
🚨 ETH DATS ĐANG CHẬM LẠI
#Bitwise báo cáo kho bạc chỉ mua khoảng 370 nghìn $ETH vào tháng trước, GIẢM 81% so với tháng 8.
#Bitwise báo cáo kho bạc chỉ mua khoảng 370 nghìn $ETH vào tháng trước, GIẢM 81% so với tháng 8.
🔥 #Bitwise báo cáo kho bạc chỉ mua khoảng 370 nghìn $ETH vào tháng trước, GIẢM 81% so với tháng 8
$BTC
$XRP
$BTC
$XRP
$BTC Bitwise data shows that institutional appetite for Bitcoin continues to far exceed the amount of new BTC entering the market, and this imbalance has grown even more pronounced throughout 2025. With major firms, funds, and asset managers steadily increasing allocations, demand pressure is rising while supply remains structurally limited. This widening gap strengthens Bitcoin’s long-term bullish narrative and highlights the accelerating shift of traditional capital into digital assets. As institutions compete for scarce supply, market dynamics increasingly favor upward price momentum and long-term accumulation strategies. The trend reinforces Bitcoin’s role as a maturing macro asset.
#Bitcoin #Bitwise #CryptoMarkets #InstitutionalDemand #BTC
#Bitcoin #Bitwise #CryptoMarkets #InstitutionalDemand #BTC
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