[Bitwise CEO: The Crypto Market May Be Near the End of the Bear Market] Bitwise CEO Hunter Horsley stated on the X platform that the traditional 'crypto four-year cycle' model is no longer applicable to the current market structure. Since the launch of Bitcoin ETFs and changes in the regulatory environment, there have been significant shifts in market participants and trading drivers. He believes the crypto market may have been in a bear market phase for the past approximately six months but is now nearing the end of the downturn. He also mentioned that the overall allocation environment for crypto assets has 'never been stronger.'