Bitwise's Chief Investment Officer believes that the sharp decline in STRC signals the final phase of leverage cleanout in the crypto market. Strategy has shifted from unilateral Bitcoin accumulation to dynamic trading. The market is undergoing a bottom-clearing phase, with institutional capital set to become the next major driver of Bitcoin demand. A new bull run is predicted to start in autumn.
Bitwise Chief Investment Officer recently stated that the sharp drop in STRC (Strategy company stock) indicates that the cryptocurrency market's leverage cleanout process is nearing its end. At the same time, Strategy has shifted from unilateral Bitcoin accumulation to a dynamic buying and selling strategy. The market is experiencing a cycle bottom cleaning phase, where institutional capital will take over as the primary incremental buyer of Bitcoin in the next phase. The CIO predicts that a new bull market will commence in autumn.
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