
Bitcoin P&L Ratio Falls to 43-Month Low, Analysts Eye Market Bottom
Bitcoin's Profit and Loss (P&L) ratio has plummeted to a **43-month low**, leading experts like Bitwise CIO Matt Hougan to suggest a market bottom is near.

Bitcoin's Profit and Loss (P&L) ratio has plummeted to a **43-month low**, leading experts like Bitwise CIO Matt Hougan to suggest a market bottom is near.

Bitwise CIO Matt Hougan stated that Strategy's STRC offering, which promised high yields and low volatility for Bitcoin, was a questionable fit.

Crypto asset manager Bitwise suggests that the recent volatility and selloff in MicroStrategy's stock indicate the cryptocurrency market is nearing a bottom.

Bitwise analysts suggest Bitcoin is trading at a historical discount compared to AI stocks, though a hawkish Fed and liquidity competition pose risks.

According to Bitwise, traditional finance advisors are showing a clear preference for stablecoins and asset tokenization over Bitcoin in recent discussions.

Bitwise research suggests Bitcoin is acting as a 'canary in the coal mine,' indicating a wider market shift towards risk-off sentiment despite high global liquidity.

Bitwise's model, rooted in Greg Foss's theory, values Bitcoin at $224,000, seeing it as a crucial hedge against G20 sovereign debt defaults.

Bitwise's Matt Hougan suggests that as AI stocks capture investor attention, cryptocurrency is becoming a contrarian bet, demanding a focus on fundamentals.

A new report from Bitwise suggests Bitcoin's fair value could reach **$224,000** as mounting sovereign debt risks bolster its long-term investment appeal.

Bitwise has finalized its acquisition of Superstate's $259 million tokenized fund, integrating crypto carry trades with Treasury and digital asset exposure.