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Cointelegraph by Ciaran Lyons

Bitwise CEO says sub-$70K Bitcoin signals bear market and fresh institutional entry

Bitwise CEO Hunter Horsley told CNBC on Friday that Bitcoin's slide below $70,000 places it in a bear market and is offering institutions a fresh opportunity to buy at levels they thought they had missed. He noted Bitcoin was recently down 22.60% over 30 days and trading near $69,635, while Bitwise saw over $100 million in institutional inflows on Monday as the asset traded around $77,000. Horsley added that Bitcoin is currently moving in tandem with other liquid macro assets as investors sell broadly across markets.
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