Matt Hogan: Bitcoin's response to negative news has become sluggish, and the bear market may have bottomed out

Bitwise Chief Investment Officer Matt Hougan stated that negative news such as Michael Saylor's sale of Bitcoin and the decrease in the probability of passing the CLARITY Act are no longer clearly declining, indicating that the bear market may have bottomed out. Matt Hougan expects the cryptocurrency market to experience a trend by the end of this year, with the next batch of buyers coming from large wealth management platforms and the market becoming more institutionalized.