Bitwise CEO: The crypto market has gone through a nearly six-month bear market and is about to emerge from it

BlockBeats News, November 14th, Bitwise CEO Hunter Horsley posted, stating, "What we're talking about is the four-year cycle — but the reality is, this pattern is based on a bygone era of cryptocurrency."

Since the launch of the Bitcoin ETF and the appointment of a new management team, we have entered a new market structure: new participants, new dynamics, new reasons for people to buy and sell. I believe we have most likely already gone through a nearly six-month bear market and are about to emerge from it.

Currently, the development environment for cryptocurrency has never been more favorable."