BitwiseCIO: Crypto market nears bottom of sentiment, BTC hits new high this year
2025-11-05 02:06:13
According to CNBC, Bitwise CIO Matt Hougan said that retail investors are in "extreme despair", but institutions and financial advisors are still adding bitcoin; bitcoin recently fell below the 100,000 mark to a new low since June, ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin (FBTC), Grayscale (GBTC) continued net inflows; Hougan believes that after the emotional shuffle or bottoming out, bitcoin does not rule out breaking through about 125,000 to 130,000 a record high this year; Bitwise Solana Staking ETF (BSOL) fell by about 20% with the market after attracting more than four hundred million dollars in the first week.
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