{"id":48682,"date":"2025-11-05T13:19:25","date_gmt":"2025-11-05T18:19:25","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=48682"},"modified":"2025-11-05T13:19:49","modified_gmt":"2025-11-05T18:19:49","slug":"institutions-stay-bullish-on-crypto","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/institutions-stay-bullish-on-crypto","title":{"rendered":"Institutions Stay Bullish on Bitcoin as Retail Capitulates: Bitwise CIO Sees Crypto Rally Ahead"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>Bitwise CIO Matt Hougan says the crypto market may be nearing a turning point as retail exhaustion deepens and institutional demand quietly builds.<\/p>\n\n\n\n<p>Appearing on CNBC, Hougan \u2014 who oversees $12 billion in assets at Bitwise \u2014 <a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/1986031948502823204\">said<\/a> retail sentiment is at \u201cmaximum desperation\u201d following months of liquidations, leverage blowouts, and yield protocol failures.<\/p>\n\n\n\n<p>\u201cIt\u2019s hard to find a crypto native investor who still has much enthusiasm,\u201d he said. \u201cThat market is close to a bottom.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN: $12 billion Bitwise CIO Matt Hougan on CNBC: \u201cI am optimistic that we are going to rally at the end of the year.\u201d \ud83d\ude80 <a href=\"https:\/\/t.co\/QsEOKaeKBS\">pic.twitter.com\/QsEOKaeKBS<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1986031948502823204?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 5, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>In contrast, Hougan noted that institutional investors remain upbeat.&nbsp;<\/p>\n\n\n\n<p>\u201cWhen I speak to financial advisors, they\u2019re still excited to allocate to an asset class that\u2019s delivered strong long-term returns,\u201d he said, adding that he expects a year-end rally as institutional capital begins to take the lead.&nbsp;<\/p>\n\n\n\n<p>\u201cSo I&#8217;m optimistic, but we do have to finish this wash out of retail sentiment,\u201d Hougan said.<\/p>\n\n\n\n<p>Meanwhile, on Capitol Hill, Senator Cynthia Lummis reaffirmed her support for digital asset integration within the U.S. banking system.&nbsp;<\/p>\n\n\n\n<p>Addressing tensions over stablecoin regulation, Lummis said she wants community banks to be able to custody and manage both fiat and digital assets.<\/p>\n\n\n\n<p>\u201cThis is the 21st-century economy,\u201d Lummis said on X. \u201cDigital assets are the future, and we need to make sure community banks embrace the opportunity.\u201d<\/p>\n\n\n\n<p>She noted that Louisiana, Virginia, and Wyoming already allow banks to custody crypto \u2014 and expects more states to follow as new legislation advances.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin price rebound<\/h2>\n\n\n\n<p>Bitcoin and the broader crypto market has seen a turbulent month, <a href=\"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-plunges-below-100000\">dipping<\/a> below $100,000 on Tuesday \u2014 its lowest level since June \u2014 before rebounding above $103,000 today.&nbsp;<\/p>\n\n\n\n<p>The slide was driven by <a href=\"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-rebounds-above-103000\">heavy selling pressure<\/a>, nearly $1.8 billion in ETF outflows, and a stronger U.S. dollar following Federal Reserve Chair Jerome Powell\u2019s hawkish tone, signaling that interest rates could stay higher for longer.<\/p>\n\n\n\n<p>The sell-off traces back to October 10, when President Trump announced 100% tariffs and export controls on China, sparking a broad crypto liquidation. Bitcoin fell roughly 20\u201325% from early October highs, while altcoins like Ethereum and Solana dropped as much as 40%. Crypto-linked stocks, including MicroStrategy, Coinbase, and Robinhood, also slid.&nbsp;<\/p>\n\n\n\n<p>Open interest in Bitcoin futures fell around 30%, reflecting a pullback from leveraged traders, and the crypto fear and greed index reached \u201cextreme fear.\u201d<\/p>\n\n\n\n<p>But, as retail investors capitulate, Matt Hougan\u2019s comments suggest institutional demand could soon take the lead in crypto accumulation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise CIO Matt Hougan sees the crypto market nearing a bottom amid retail exhaustion, while Senator Cynthia Lummis urges U.S. banks to integrate digital assets into the financial system.<\/p>\n","protected":false},"author":3817,"featured_media":48684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[76,5474,5519,137],"class_list":{"0":"post-48682","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-corporate-bitcoin-adoption","10":"tag-rally","11":"tag-retail"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Institutions-Stay-Bullish-on-Bitcoin-as-Retail-Capitulates-Bitwise-CIO-Sees-Crypto-Rally-Ahead.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=48682"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/48684"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=48682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=48682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=48682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}