Crypto Winter's Hidden Start: Institutional Flows Masked 2025 Downturn, Analysts See Thaw Ahead
Bitwise CIO Matt Hougan contends the crypto bear market began in January 2025, obscured by massive institutional ETF purchases. While Bitcoin and Ethereum saw tempered declines, altcoins plummeted. Now, with the market in 'extreme fear,' experts debate the timeline for recovery and the impact of new regulatory frameworks.