Bitcoin Shows Lack Of Responsiveness To Negative Factors, Suggesting Bear Market Bottom

Bitwise CIO Matt Hougan notes BTC price resilience amid Coldcard hacks and Strategy sales. He views this lack of responsiveness as a bear market bottom signal, citing institutional inflows as the next catalyst.

Woofun AI reports that Bitwise Asset Management CIO Matt Hougan stated in a Bloomberg interview that Bitcoin may have reached the bottom of the bear market. Hougan observed that recent negative developments, including Coldcard wallet hacks, Bitcoin sales by Strategy, and setbacks regarding the CLARITY Act, did not cause significant price declines. He interprets this market disregard for bad news as a sign of the bear market's end and expects institutional inflows, such as crypto ETF approvals by wealth management platforms, to drive further price increases in the next phase.