📉🐂 Is the bear market coming to an end? But don't rush to go all in.

Bitwise investment officer Matt Hougan provided a key judgment:

👉 The current crypto market is in the "latter half of the bear market bottom."

This is not the most painful time, but it hasn't reached the stage of true takeoff.

📊 The reality is harsh:

Most of 2025 will actually be in a bear trend.

Many altcoins have pulled back over 60% from their highs, and confidence has been repeatedly shaken.

Retail investors are clearly cooling off, and market sentiment is quite cold 🧊

🟡 Why hasn't BTC collapsed?

It's not that the market is strong, but rather:

Enterprises continue to buy.

ETFs have been consistently backing up the market.

But Hougan also pointed out clearly:

We are now in the "narrowing bottom" phase.

👉 ETF inflows are weak.

👉 Retail investors have almost disappeared.

👉 Volatility exists, but the trend has not emerged.

📍 His range judgment:

In the first half of this year, BTC is likely to fluctuate between $75,000 and $100,000.

⚖️ Is this good or bad for the crypto market?

❌ Cons:

No new sentiment, it's hard for altcoins to surge.

Short-term players have a very poor experience.

✅ Pros:

The longer the bottom time, the healthier the structure.

The main force is "holding on," not "running away."

Laying the foundation for a stronger market in 2026.

🧠 My core viewpoint:

True big markets never start in the noise,

but slowly brew when no one is speaking.

Now it feels more like:

📉 Sentiment at the bottom.

📦 Chips are being redistributed.

⏳ Time for space.

Only those who can hold on deserve to ride the upcoming main bullish wave. 🚀

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