$1M Bitcoin ‘Sounds Crazy,’ but Bitwise CIO Says the Math Points Higher
Matt Hougan believes Bitcoin only needs 17% of a $121 trillion store-of-value market to reach a $1 million valuation.
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Matt Hougan believes Bitcoin only needs 17% of a $121 trillion store-of-value market to reach a $1 million valuation.
Bitcoin is currently fightining with a crucial resistance level that could lead to new substantial gains if reclaimed.
Matt Hougan dismissed claims that Jane Street is orchestrating Bitcoin’s recent decline, calling the downturn “a classic crypto winter.”
Nearly half of the Bitcoin supply sits underwater, yet accumulation lags, which is keeping the price trapped in a fragile consolidation range for now.
Bitcoin’s Stablecoin Supply Ratio has fallen to 9.36, a level often viewed as sidelined buying power ready to deploy.
Since late August, Bitcoin has broken from equities in what appears to be its weakest stock correlation since the chaos of 2022.
Ali Martinez points to a rare three-day signal that historically appeared just before Bitcoin’s final bear-market plunges.
Over the years, the UAE has increased its Bitcoin holdings through mining and ETF purchases, with exposure now exceeding $1 billion.
Bitcoin’s 50% drop to $60K called modest by analysts, who say institutional flows show a maturing crypto market.
Bitcoin traded mostly sideways in the past week, but every breakout attempt was halted in its tracks.
Binance converts $1 billion SAFU fund fully into Bitcoin, buying 4,545 BTC to finish its reserve overhaul.
Bitcoin mining stress deepened as difficulty fell 14% and Puell dipped below 0.8, even as Cango sold $305M in BTC.
Japan’s landslide election boosted equities but added near-term pressure to Bitcoin as capital rotated and liquidity tightened.
Bitcoin could revisit $87,000 during consolidation, but only as a chance to add shorts, and not confirmation of a trend.
Binance plans to convert about $1B in its SAFU insurance fund from stablecoins back into Bitcoin within 30 days.
Bitcoin holders face pressure, fatigue, and doubt as the crypto winter has intensified since November.
Bitcoin trades near $89.5K as a 2-day death cross and bear flag raise downside risk, with analysts eyeing $60K–$40K targets.
The last time that the 30-day moving average of Bitcoin’s Fear & Greed Index surpassed the 90-day MA was in May 2025.
Bitcoin faces a key sell signal on the weekly chart, rejection at $126K, and mixed technical setups as traders watch $95.5K and $102K levels.
Hayes revealed that his firm holds leveraged Bitcoin exposure via Strategy and Metaplanet amid expectations of improving liquidity conditions.