Everyone’s Giving Up On Bitcoin? Crypto Exec Says That’s Exactly Why It Will Rise

The crypto market looks beaten down again, but one veteran investor says that may be the exact signal to stay ￰0￱ Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s deep sell-off — now dragging prices below $102,000 for the first time since the last five months — is more about panic than ￰1￱ Sentiment At ‘Max Desperation’ Hougan told CNBC this week that small traders are hitting a breaking point. “It’s almost a tale of two markets,” he said, describing what he sees as “max desperation” among retail investors after months of heavy losses and leverage ￰2￱ called the mood the most depressed he’s ever witnessed in ￰3￱ him, that level of hopelessness might be the final stage before the market finds its footing ￰4￱ Flows Continue To Matter While smaller traders are backing off, larger investors appear to be sticking ￰5￱ to reports, financial advisors and institutional funds are still adding to positions through Bitcoin ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC).

The weekly inflows have slowed since the middle of the year, but they remain positive — a sign, Hougan says, that big money hasn’t lost ￰6￱ argues that this split between retail panic and institutional confidence could shape how the market recovers. “When I talk to advisors and institutions,” he said, “they’re still excited to allocate to an asset class that, if you zoom out, is delivering strong returns over the past year.” Solana Staking Interest And ETF Activity The growing influence of crypto funds goes beyond ￰7￱ said Bitwise’s new Solana Staking ETF (BSOL) pulled in more than $400 million in its first week before dropping nearly 20% since launching on ￰8￱ so, he sees strong appetite for professionally managed crypto exposure among investors who prefer structured products over direct ￰9￱ Reading: ‘Good News’ Finally Arrives For SHIB Army As Team Unveils New Update Not everyone agrees on how fast a rebound might ￰10￱ CEO Michael Saylor recently predicted Bitcoin could hit $150,000 by year end — a call Hougan considers bold but not ￰11￱ said a move toward $125,000 or even $130,000 is achievable if selling pressure keeps fading and demand from institutions ￰12￱ now, the market still feels ￰13￱ admits there could be more downside before prices turn around, but he thinks the end of the sell-off is ￰14￱ sentiment may be collapsing, yet institutional optimism is holding firm — and that, he says, could be the fuel for Bitcoin’s next ￰15￱ image from Unsplash, chart from TradingView