Bitwise CIO says the ‘full‑blown crypto winter’ is nearing its end

Bitwise CIO Matt Hougan says crypto winter is nearing its end.
The digital-asset sector is weathering a full-blown “crypto winter in the Leonardo DiCaprio from “The Revenant” style”, not a brief correction. But the current phase is closer to its end than its start, said Bitwise CIO Matt Hougan.
— Matt Hougan (@Matt_Hougan) February 3, 2026
By his estimate, the protracted downturn began in January 2025. But hefty inflows into ETFs and the activity of crypto…




