bullish

<p>Bitwise CEO Hunter Horsley <a href="https://www.markets.com/news/bitwise-ceo-crypto-market-outlook-2254-en" rel="noopener noreferrer nofollow">believes</a> the crypto market is approaching the end of a six-month bear phase, arguing that the conditions for a long-term bullish breakout have never looked stronger. Horsley shared his market outlook on X around November 14, 2025, offering a contrarian take as sentiment indicators flash “extreme fear.”</p>
<h3 id="horsley-the-four-year-cycle-is-dead">Horsley: The Four-Year Cycle Is Dead</h3>
<p>According to Horsley, investors relying on the classic four-year Bitcoin cycle are following a model from a “bygone era.” He argues that crypto’s old rhythm, driven by retail speculation and halving events, no longer applies to today’s market.</p>
<p>Instead, a new structural regime has emerged.</p>
<h3 id="etfs-and-pro-crypto-policy-have-changed-everything">ETFs and Pro-Crypto Policy Have Changed Everything</h3>
<p>Horsley credits two major shifts for transforming the market:</p>
<ol>
 <li>Spot Bitcoin ETF Approval<br> The arrival of U.S.-listed spot Bitcoin ETFs brought an influx of institutional capital and fundamentally changed how Bitcoin is accumulated and traded.</li>
 <li>A Friendlier U.S. Regulatory Landscape<br> The shift toward clearer, more supportive crypto regulation has introduced new participants, from pension funds to corporations, each with different incentives than earlier retail-driven cycles.</li>
</ol>
<p>Horsley argues that these changes make historical patterns less useful for predicting today’s market behavior.</p>
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<h3 id="he-says-the-bear-phase-is-almost-over">He Says the Bear Phase Is Almost Over</h3>
<p>Despite Bitcoin recently falling to a six-month low near $94,000, Horsley insists the market is at the tail end of a correction that has already lasted roughly six months.</p>
<p>He notes that investor sentiment has turned sharply negative, the Crypto Fear and Greed Index recently reached “extreme fear” levels, often a sign that a bottom may be forming.</p>
<h3 id="fundamentals-look-more-promising-than-ever">Fundamentals Look “More Promising Than Ever”</h3>
<p>Horsley maintains that the long-term setup remains incredibly strong. In his view:</p>
<ul>
 <li>Institutional demand remains intact</li>
 <li>Market infrastructure is more mature</li>
 <li>Regulatory clarity is improving</li>
 <li>ETF flows have permanently changed the demand profile for Bitcoin</li>
</ul>
<p>Despite the current slowdown, he argues that crypto is entering a more sophisticated, resilient phase, one where long-term investors could benefit from accumulated structural tailwinds rather than simple cycle timing.</p>
<p>The post <a href="https://www.ethnews.com/bitwise-ceo-says-six-month-crypto-bear-market-is-ending-setup-has-never-been-stronger/" rel="noopener noreferrer nofollow">Bitwise CEO Says Six-Month Crypto Bear Market Is Ending – “Setup Has Never Been Stronger”</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Bitwise CEO Says Six-Month Crypto Bear Market Is Ending – “Setup Has Never Been Stronger”

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