Bitwise CEO: The crypto market may have experienced nearly six months of a bear market, which is nearing its end

Bitwise CEO Hunter Horsley posted on the X platform that the traditional "four-year cycle" model for cryptocurrencies is no longer applicable to the current market structure. Since the launch of the Bitcoin ETF and changes in the regulatory environment, both market participants and trading motivations have undergone significant changes. He stated that the crypto market may have been in a bear market phase, but it is now close to emerging from the downturn, and he believes that the overall allocation environment for crypto assets has "never been stronger."