Everyone’s Giving Up On Bitcoin? Crypto Exec Says That’s Exactly Why It Will Rise — TradingView News
The crypto market looks beaten down again, but one veteran investor says that may be the exact signal to stay calm.
Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s deep sell-off — now dragging prices below $102,000 for the first time since the last five months — is more about panic than fundamentals.
Retail Sentiment At ‘Max Desperation’
Hougan told CNBC this week that small traders are hitting a breaking point. “It’s almost a tale of two markets,” he said, describing what he sees as “max desperation” among retail investors after months of heavy losses and leverage blowouts.
He called the mood the most depressed he’s ever witnessed in crypto. For him, that level of hopelessness might be the final stage…
