The CEO of Bitwise just made a big point on X:

The four-year cycle of bull and bear markets is not working this time; the market is transitioning to a more mature way of playing.

We have actually quietly entered a bear market since February of this year—it's just that we didn't notice it because of the 'Bitcoin spot ETF' and those publicly traded companies (like MicroStrategy) that keep buying.

Now all signals are holding back for a super big market in 2026. This scene is truly astonishing! $BTC

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