Is the four-year cycle going to be cold? The CEO said that he entered a bear market in February, but was hidden by institutional buying

2025-12-10 06:50:19

Hunter Horsley, the CEO of Bitwise, recently threw out an interesting point - the legendary four-year cycle may really become history.

His logic is this: the market has actually changed in the past two years, and the maturity is not at all the same as before. What’s even more ruthless is that he feels that since February this year, the market has actually quietly entered a bear market, but those digital asset reserve companies and Bitcoin reserve companies have been buying, buying, buying, and abruptly holding up the price, so that everyone is not aware.

According to him, these actions are actually holding back the big move in 2026. It’s really crazy to think about it, if institutions really hoard goods in the bear market, then the next wave of market will be full of pictures.

BTC-2,12%

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TokenomicsTherapist

· 2025-12-13 06:24

Institutions' move this time is really awesome, it's like digging a pit for retail investors.

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BlockchainBouncer

· 2025-12-12 11:15

Institutions are stockpiling secretly, while we retail investors are still here guessing, it's really incredible.

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GateUser-6bc33122

· 2025-12-11 07:36

Institutions are quietly making big profits at the bottom, while retail investors are still buying in at high prices? That logic sounds a bit heartbreaking.

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just_another_fish

· 2025-12-10 07:13

This wave of institutions will either make money or have to be smashed

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