Bitcoin's Consolidation Phase Resembles Post-IPO Period, Bitwise CIO Says

Bitwise Chief Investment Officer Matt Hougan likens Bitcoin's current market behavior to the post-IPO consolidation seen in major tech stocks. BTC briefly fell below $100,000 on Tuesday, roughly one month after reaching a record above $126,000 in early October. Hougan contends the sideways movement reflects institutional absorption of early-holder exits rather than fundamental weakness, and that 5% allocations should now serve as the baseline for investors.