Bitcoin News

Story: With Bitcoin at $94,000, Bitwise CEO Says Crypto Has Been in a 6-Month Bear Market

By Evie Vavasseur

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Bitwise CEO Says the Four-Year Cycle Model Is Outdated. In a detailed post shared on X, Horsley argued that the classic four-year Bitcoin cycle — once…

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Is a New Bullish Phase Coming Soon?. Horsley believes that the shift in structure could mean good news for long-term investors.

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Crypto Stocks Fall as Broader Market Weakens. Alongside Bitcoin’s retreat, several publicly traded crypto-related firms also posted notable…

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Animoca Brands Co-Founder Highlights Liquidity Issues. Yat Siu, co-founder of Animoca Brands, echoed Horsley’s perspective but added another dimension:…

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Technical Conditions Show Bitcoin Under Pressure. Bitcoin’s chart has turned increasingly fragile. The asset recently tested support near $94,000,…

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Bitcoin continued its downward slide on Friday, retreating toward $94,500 and adding pressure to an already fragile crypto market.

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Against this backdrop, Bitwise CEO Hunter Horsley offered a striking assessment of current market conditions.

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In a detailed post shared on X, Horsley argued that the classic four-year Bitcoin cycle — once considered a core part of crypto market theory — is no longer an accurate blueprint.

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“We talk about four-year cycles, but the reality is that model is based on a bygone era of crypto,” Horsley said.

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The crypto environment today includes new buyers, deeper liquidity structures, and more complex reasons for market movements.

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Horsley believes that the shift in structure could mean good news for long-term investors. He suggested that the recent weakness may reflect an extended correction phase rather…

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“I think there’s a pretty good chance that we’ve been in a bear market for almost six months now and are almost through it,” he commented.

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From liquidity conditions to institutional interest, Horsley argues that the present setup could pave the way for a new bullish phase once selling pressure fades.

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Strategy (formerly MicroStrategy), known for its extensive Bitcoin holdings, dropped 6%.

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Gemini (GEMI) Space Station and Bullish (BLSH) slipped around 2%.

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