Bitwise: Bitcoin's bottom rises each cycle, this round is the mildest bear market

CoinFeed July 10 news, according to The Block report, Bitwise senior investment strategist Juan Leon said that the current Bitcoin bear market is fundamentally different from previous cycles, and institutional adoption is accelerating. Bitwise clients are divided into two categories: investors who have held Bitcoin for more than two years view declines as 'opportunities to add positions,' while other large capital is still waiting for clearer regulatory signals. Leon called this round's 50% decline Bitcoin's 'mildest structural bear market,' compared to 78% in 2022 and 84% in 2018, 'the bottom is rising each cycle.' He pointed out multiple bottom signals are appearing: oversold momentum indicators, about half of holders are at a loss, long-term holders are re-accumulating, record ETF outflows in June, etc.