
Bitwise: MicroStrategy Stock Selloff Signals Crypto Market Nearing Bottom
Crypto asset manager Bitwise suggests that the recent volatility and selloff in MicroStrategy's stock indicate the cryptocurrency market is nearing a bottom.

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

Bitcoin's price recently dropped to $58,000, aligning with its long-term power-law model's cycle lows, even as futures data hints at further declines.

Long-term Bitcoin holders have reduced their selling activity to a **19-month low**, with market cycle indicators pointing to **September** as a potential **market bottom**.

Financial advisors are re-evaluating traditional investment approaches for Bitcoin, considering its distinct 4-year market cycle for better client outcomes.

Coinbase CEO Brian Armstrong believes Bitcoin may have established its price bottom around the $60,000 mark, citing historical four-year market cycles.

A prominent analyst suggests Bitcoin's 4-year cycle indicates a potential bottom near $53,000 before a new price high in 2028.

Bitcoin's current 50% decline from its peak marks its shallowest bear market yet, but analysts caution that the true bottom may not have been reached.