Bitwise argues crypto is near the end of a brutal winter
Crypto has been in a full-blown winter since January 2025, even if much of the market has been reluctant to say it out loud, asset manager Bitwise said in a Monday blog post.
Having lived through multiple crypto winters, the investment manager said the current mood of despair looks familiar, and historically has marked the later stages of downturns. After more than a year of declining prices, the market is likely closer to the end of winter than the beginning, with a recovery arriving “sooner rather than later.”
Crypto winters are prolonged bear markets marked by steep price declines, collapsing sentiment and a general indifference to good news. Historically, they have followed periods of excess leverage and speculative excess,…
