PANews reported on November 5th that, according to CNBC, Bitwise CIO Matt Hougan stated that retail investors are in a state of "extreme desperation," but institutions and financial advisors are still increasing their Bitcoin holdings. Bitcoin recently fell below the $100,000 mark, hitting a new low since June, while ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin (FBTC), and Grayscale (GBTC) continue to see net inflows. Hougan believes that the market may have bottomed out after the sentiment reshuffle, and it is possible that Bitcoin will break through approximately $125,000 to $130,000 this year, setting a new all-time high. The Bitwise Solana Staking ETF (BSOL) attracted over $400 million in its first week before falling by about 20% along with the market.PANews reported on November 5th that, according to CNBC, Bitwise CIO Matt Hougan stated that retail investors are in a state of "extreme desperation," but institutions and financial advisors are still increasing their Bitcoin holdings. Bitcoin recently fell below the $100,000 mark, hitting a new low since June, while ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin (FBTC), and Grayscale (GBTC) continue to see net inflows. Hougan believes that the market may have bottomed out after the sentiment reshuffle, and it is possible that Bitcoin will break through approximately $125,000 to $130,000 this year, setting a new all-time high. The Bitwise Solana Staking ETF (BSOL) attracted over $400 million in its first week before falling by about 20% along with the market.
Bitwise CIO: Crypto market nearing sentiment bottom, BTC could hit new highs this year.
2025/11/05 10:01
PANews reported on November 5th that, according to CNBC, Bitwise CIO Matt Hougan stated that retail investors are in a state of "extreme desperation," but institutions and financial advisors are still increasing their Bitcoin holdings. Bitcoin recently fell below the $100,000 mark, hitting a new low since June, while ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin (FBTC), and Grayscale (GBTC) continue to see net inflows. Hougan believes that the market may have bottomed out after the sentiment reshuffle, and it is possible that Bitcoin will break through approximately $125,000 to $130,000 this year, setting a new all-time high. The Bitwise Solana Staking ETF (BSOL) attracted over $400 million in its first week before falling by about 20% along with the market.
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