Bitwise Invest CIO Matt Hougan Lists Reasons for BTC Price Decline

TheNewsCrypto2026-02-27 tarihinde yayınlandı2026-02-27 tarihinde güncellendi

Özet

Matt Hougan, Chief Investment Officer at Bitwise Invest, has identified the recent decline in Bitcoin's price as being driven by long-term holders selling their exposure. This selling occurred through spot market sales, unwinding leveraged positions, or by writing call options against their holdings. Hougan suggests this activity may be part of Bitcoin's typical four-year cycle or a shift of capital into AI startups. Despite the downturn, he expresses optimism that the majority of the selling is over and that Bitcoin may be bottoming, setting the stage for new future highs. His positive outlook aligns with recent comments from Michael Saylor, who called the price dip a buying opportunity, and Eric Trump, who highlighted his company's substantial Bitcoin accumulation. At the time of writing, BTC was trading at $67,345.78, inching closer to the $69,000 mark amid bearish market sentiment and high volatility.

Matt Hougan, CIO at Bitwise Invest, has listed out a reason for the decline in BTC price. He has also expressed optimism about the upcoming bull run. Michael Saylor and Eric Trump earlier expressed these positive sentiments towards the flagship cryptocurrency. This comes at a time when bitcoins have reclaimed a value closer to $69k.

Bitwise Invest CIO Matt Hougan on BTC Price’s Decline

Matt Hougan has published a post on X to share the real reason behind the decline in BTC price. He has said that the token price is down because people who were long Bitcoin sold their exposure via spot, unwinding leveraged positions, or by writing calls against the holdings.

Bitwise Invest CIO has acknowledged that the selling phase may have come as a part of the 4-year cycle, or because they want to invest in AI startups. Matt has not ruled out the possibility that there could be more reasons behind selling Bitcoin tokens.

He has expressed his optimism by saying that the selling is mostly done and BTC could be in the process of bottoming – setting the ground for new highs in the future.

Alignment with Earlier Support

Matt’s optimism aligns with earlier comments from Strategy Founder Michael Saylor and American Bitcoin advocate Eric Trump. Michael recently called this BTC dip an opportunity to buy by posting on X that bitcoin was on sale. His post was countered by Schiff Gold Chairman Peter Schiff, which said that it was a going out of business sale.

Eric Trump wrote a long X post to confirm that American Bitcoin increased token holding. He mentioned that the team accumulated more than 6,235 BTC in 6 months since going public on the Nasdaq. Calling the company’s future unlimited, Eric highlighted that its revenue was up by 159% on a year-on-year basis.

BTC Price

BTC is trading at $67,345.78 when the article is being drafted. That reflects a weekly decline of 1.20% and a daily low of 1.81%. Nevertheless, the token seems to be inching closer to the $69k mark, which could eventually push it closer to the yearly estimated high of $94k.

Bitcoin tokens are experiencing bearish sentiments with an FGI of 13 points and a high volatility of around 9.08%. The 50-Day SMA and the 200-Day SMA stand at $79,499 and $98,192, respectively.

Highlighted Crypto News Today:

Australia’s Crypto Sector Pushes Forward Amid Structural Challenges

İlgili Sorular

QWhat reasons did Matt Hougan, CIO of Bitwise Invest, give for the recent decline in Bitcoin's price?

AMatt Hougan stated that the Bitcoin price decline was due to long-term holders selling their exposure through spot sales, unwinding leveraged positions, or writing calls against their holdings.

QAccording to the article, whose earlier positive sentiments about Bitcoin does Matt Hougan's optimism align with?

AMatt Hougan's optimism aligns with the earlier positive comments from MicroStrategy founder Michael Saylor and American Bitcoin advocate Eric Trump.

QWhat did Eric Trump reveal about his company's Bitcoin holdings in his social media post?

AEric Trump revealed that his company, American Bitcoin, accumulated more than 6,235 BTC in the 6 months since going public on the Nasdaq, and that its revenue was up 159% year-on-year.

QWhat was the price of Bitcoin and its key performance metrics mentioned at the time the article was written?

ABitcoin was trading at $67,345.78, with a weekly decline of 1.20% and a daily decline of 1.81%. The 50-Day SMA was $79,499 and the 200-Day SMA was $98,192.

QWhat contrasting view did Peter Schiff offer in response to Michael Saylor's comment on the Bitcoin price dip?

APeter Schiff, Chairman of Schiff Gold, countered Michael Saylor's view that Bitcoin was 'on sale' by calling it a 'going out of business sale'.

İlgili Okumalar

If the AI Bubble Is Already Bursting, Who Will Truly Survive?

If the AI Bubble is Bursting, Who Will Remain? The debate over an AI bubble is intensifying, with figures like Ray Dalio warning of high levels and Jensen Huang seeing immense, early-stage opportunity. Both views hold truth: a speculative bubble in capital markets likely exists, mirroring the dot-com era, but the underlying technological shift is real and transformative. History shows that while bubbles burst—wiping out overvalued companies and speculative capital—they often leave behind critical physical and digital infrastructure. The dot-com bust, for instance, eliminated many firms but left the global fiber optic networks and data centers that enabled the rise of Amazon, Netflix, and cloud computing. Today's massive AI infrastructure investments (projected at trillions by 2030) in data centers, power, cooling, and GPUs may follow a similar path, creating the foundation for future applications. A key divergence from past bubbles is the "Jevons Paradox" effect in AI. As the cost of AI inference has plummeted by over 99.7% since 2023, enterprise spending on AI has skyrocketed. Cheap "tokens" have unlocked vast, previously uneconomical use cases, moving AI from simple chatbots into core business workflows—code generation, legal document review, scientific simulation, and financial analysis. The market is now in a phase of self-correction, weeding out superficial "API-wrapper" startups, but this cleansing process strengthens the ecosystem. The long-term trajectory is clear. The value is gradually shifting from capital expenditure (CapEx) on hardware to operational expenditure (OpEx) on transformative applications. As AI becomes a utility, the winners will be firms that deeply integrate it to solve vertical industry problems in law, healthcare, finance, and manufacturing. The泡沫 will recede, but the foundational shift towards an AI-powered era across all sectors is irreversible. The underlying productive force of AI contains no bubble.

marsbit26 dk önce

If the AI Bubble Is Already Bursting, Who Will Truly Survive?

marsbit26 dk önce

If the AI Bubble Is Already Bursting, Who Will Truly Remain?

**Summary: If the AI Bubble is Bursting, What Will Remain?** The debate around an AI bubble is intensifying, with figures like Ray Dalio warning of high valuations while Jensen Huang sees immense opportunity. This echoes the dot-com bubble, which saw massive wealth destruction but ultimately left behind critical infrastructure like undersea cables and broadband, enabling future giants like Amazon and Netflix. Similarly, today's AI boom involves trillions invested in data centers, power, cooling, and GPUs, while application-layer revenue remains comparatively modest. This investment-disparity signals a bubble. However, the core technological progress is real and accelerating. AI inference costs have plummeted by over 99.7% since 2023, making intelligence increasingly cheap and accessible. This cost collapse is unlocking vast new demand. Instead of reducing spending, enterprises are tripling their AI cloud expenditure. Cheap "tokens" enable AI to move beyond simple chatbots into complex workflows—automating code writing, legal document review, financial analysis, and scientific research. This follows "Jevons's paradox": improved efficiency leads to greater total consumption. The market is now undergoing a necessary purification, weeding out "API-wrapper" startups with no real moat. The deeper evolution involves a shift from capital expenditure (CapEx) on infrastructure to operational expenditure (OpEx) on value-creation in applications. While hardware vendors currently profit most, long-term value will migrate to AI-native firms solving vertical industry problems. Ultimately, a market correction will cleanse speculative excess but will not reverse the AI+ trend. The massive physical and algorithmic infrastructure being built will endure, becoming a cheap, utility-like foundation. Just as the internet became indispensable to all industries post-2000, AI is poised to empower and redefine every sector, moving society irreversibly toward an intelligence-augmented era. The bubble may burst, but the underlying productive momentum is solid.

链捕手33 dk önce

If the AI Bubble Is Already Bursting, Who Will Truly Remain?

链捕手33 dk önce

Microsoft CEO: In the AI Era, How Do You Define a Company's Moat?

Microsoft CEO Satya Nadella argues that in the AI era, a company's true competitive edge, or "moat," is not determined by choosing the single most powerful model, but by its ability to build a continuous "learning loop." This system integrates and evolves by connecting human workflows, domain expertise, organizational judgment, and employee experience. He posits that future companies will accumulate two types of capital: Human Capital (employee knowledge, judgment, creativity) and "Token Capital" (a firm's own built and owned AI capabilities). Importantly, AI amplifies rather than devalues human capital. Human direction is essential to guide progress, as computational power alone is aimless. The core opportunity lies in creating a closed-loop system where human and token capital reinforce each other in a compound, self-improving cycle. A company must be able to preserve its unique institutional knowledge—its "company veteran" expertise—even if it switches underlying general-purpose AI models. This requires private evaluation benchmarks, reinforcement learning environments based on internal data, and queryable knowledge bases. Nadella warns against a future where economic value is concentrated by a few dominant models that commoditize entire industries' knowledge. Instead, the priority should be building a broad "frontier ecosystem" where every company, industry, and nation can own its learning loop. This allows organizations to retain control of their intellectual property, amplify employee capabilities, and ensure the economic value created by AI is captured within their own businesses and communities. True corporate sovereignty in the AI age comes from turning organizational knowledge into a compounding system that creates enduring, defensible value.

marsbit1 saat önce

Microsoft CEO: In the AI Era, How Do You Define a Company's Moat?

marsbit1 saat önce

ETFs Are Just the Ticket: The True Institutionalization of Bitcoin Is Happening Where You Can't See It

Beyond the Bitcoin ETF spotlight, a deeper institutionalization is underway, leveraging Bitcoin as a foundational financial primitive. Institutions are using Bitcoin for purposes long reserved for assets like U.S. Treasuries and gold: as collateral for loans, insurance reserves, and the backbone of rated bonds. Examples include a Barbados-based insurer capitalizing with $40M in Bitcoin reserves and Ledn's $188M securitization of Bitcoin-backed loans, which received the first-ever investment-grade rating (BBB-) from S&P for a digital asset-backed security. This structure was stress-tested during a 27% price drop in early 2026, triggering automatic liquidations that functioned as designed but revealed the systemic risk of synchronized selling across leveraged positions. Infrastructure is evolving to support this, with platforms like Anchorage Digital's Atlas network enabling secure, institutional-grade settlement and collateral management. Strategies like basis trades and corporate treasuries (exemplified by companies like MicroStrategy issuing billions in equity and debt to fund Bitcoin acquisitions) further integrate Bitcoin into financial mechanics. While ETFs solved "how to own" Bitcoin, these developments answer "what to do with it," embedding the asset into the working machinery of finance—as collateral upon which loans, derivatives, and structured products are built. The real, enduring institutional shift is happening in these largely invisible plumbing and financing systems.

marsbit1 saat önce

ETFs Are Just the Ticket: The True Institutionalization of Bitcoin Is Happening Where You Can't See It

marsbit1 saat önce

ZEC Co-Founder Responds to Orchard Vulnerability: No Signs of Theft, Orchard Pool to Be Sealed

ZEC Co-Founder Addresses Orchard Vulnerability: No Signs of Theft, Plans to Sunset Orchard Pool A security vulnerability was recently discovered in Zcash's Orchard shielded pool, raising key concerns. The primary questions are whether the flaw was exploited, if user funds are safe, whether users can verify the total ZEC supply, and if other similar vulnerabilities exist. Analysis suggests the vulnerability was likely not exploited prior to its discovery. It was found proactively by a researcher using specialized tools, not due to an active breach. The development team and mining pools acted quickly to contain the issue. Typical financially-motivated attacks would likely have left visible on-chain evidence, which has not been observed. User funds in Orchard are considered safe and should be recoverable, assuming no prior exploitation. If the flaw was never used, all legitimate funds can be withdrawn. The article outlines risks associated with moving funds to transparent addresses or other pools, but concludes that leaving assets in place is a reasonable option. Currently, users cannot independently verify that the total ZEC supply hasn't been inflated due to this bug. However, the planned Ironwood network upgrade is designed to resolve this. It will permanently close the Orchard pool to new deposits and internal transfers, allowing only withdrawals. This mechanism will cap total withdrawals at the amount of legitimately deposited funds, enabling anyone to cryptographically verify the supply post-upgrade. Multiple teams, including Shielded Labs, have conducted extensive audits focused on counterfeiting vulnerabilities, assisted by advanced AI tools. No additional flaws of this type have been found so far, increasing confidence that no other similar undisclosed vulnerabilities exist. In summary, evidence indicates the Orchard bug was probably not used, user funds are secure, and no other counterfeiting flaws are currently known. The upcoming Ironwood upgrade will restore users' ability to independently verify the total ZEC supply, closing this chapter.

Foresight News1 saat önce

ZEC Co-Founder Responds to Orchard Vulnerability: No Signs of Theft, Orchard Pool to Be Sealed

Foresight News1 saat önce

İşlemler

Spot

Futures