Bitwise CIO Sees Possible Exhaustion as Bitcoin Faces Steep Drop

TLDR Bitcoin has experienced its steepest two-week decline since June 2022, falling over 50% from its October high. Bitwise CIO Matt Hougan attributes the downturn to long-term investors selling off Bitcoin and leverage liquidations. Hougan believes the current market stress is driven by macroeconomic factors and not crypto-specific issues. The market sentiment around Bitcoin is [...]

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