Bitwise Chief Investment Officer Matt Hougan said on Tuesday that Bitcoin’s short-lived fall below $100,000 has not changed his constructive outlook for the asset. Speaking on CNBC’s Crypto World, he argued the move reflects “peak retail capitulation” rather than the start of a prolonged downturn across the broader crypto market.
The pullback sent Bitcoin to its lowest level since June, briefly entering bear-market territory after a 20% decline from its October all-time high. Hougan noted that while retail sentiment is at “max desperation,” institutional interest remains resilient. He referenced ongoing inflows into U.S. spot Bitcoin ETFs and increased engagement from financial advisers as signs that demand from professional allocators continues to support the market over the medium term.
Hougan said the key to watch is whether retail selling pressure cools in the coming weeks. Bitwise expects new institutional allocation announcements before year-end, potentially providing a fresh catalyst for prices and renewed confidence.
Source: https://www.cnbc.com/2025/11/04/bitcoin-price-crypto-selling-retail-investor.html
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