nt reaches classic late-stage extremes. Bitwise Predicts Crypto Winter Ending Soon, Setting up Next Bitcoin Rally Matt Hougan, chief investment officer at

Bitwise Anticipates Strong Crypto Rebound Following Prolonged Winter Capitulation
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The crypto market has been locked in a deep, prolonged winter since early 2025, but signs suggest the downturn may be closer to its end as institutional flows mask pain, retail capitulates and sentiment reaches classic late-stage extremes. Bitwise Predicts Crypto Winter Ending Soon, Setting up Next Bitcoin Rally Matt Hougan, chief investment officer at