Bitwise's Chief Investment Officer suggests that the sharp decline in STRC marks the tail end of crypto market deleveraging. Strategy Company shifts from one-way accumulation to dynamic Bitcoin trading. The market is in a bottom-clearing phase, with institutional capital poised to become the next major buyer of Bitcoin, setting the stage for a bull run expected in autumn.
Bitwise's Chief Investment Officer stated that the recent sharp decline in STRC signals the near-completion of leverage washout in the crypto market. He noted that the market is currently undergoing a cycle bottom-clearing phase, and Strategy Company has shifted from consistently adding to its Bitcoin holdings to a dynamic buy-and-sell approach. Institutional capital is expected to become the primary incremental buyer of Bitcoin in the next phase, with a new bull market likely to begin in autumn.
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