Bitwise CIO indicates crypto market sentiment is close to the bottom; BTC may reach new peaks this year

Retail investors are experiencing extreme desperation in the current crypto market as Bitcoin recently dropped below 100,000 USD, marking its lowest level since June.

In contrast, institutions are increasing their Bitcoin holdings. Hougan predicts that Bitcoin could reach between 125,000 USD and 130,000 USD this year, potentially marking a new all-time high.

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