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Bitwise states STRC selloff suggests crypto cycle nearing bottom, not Strategy's end. · Cyprus Report

Business · World

Bitwise states STRC selloff suggests crypto cycle nearing bottom, not Strategy's end.

1 sourceFirst reported 19 days agoUpdated 19 days ago

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Bitwise has stated that the recent selloff of STRC indicates the cryptocurrency cycle is nearing its bottom.
The firm noted that STRC's volatility is a sign of a late-cycle leverage unwind.
Bitwise believes that institutions are prepared to take over as the largest buyers of bitcoin.

Generated by AI from the 1 sources below · always verify with the originals

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Bitwise says STRC selloff signals crypto cycle nearing a bottom, not Strategy’s breaking pointCoinDesk · 19 days ago

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AI summary: catch up in 20 seconds

Bitwise has stated that the recent selloff of STRC indicates the cryptocurrency cycle is nearing its bottom.
The firm noted that STRC's volatility is a sign of a late-cycle leverage unwind.
Bitwise believes that institutions are prepared to take over as the largest buyers of bitcoin.

Generated by AI from the 1 sources below · always verify with the originals