Bitwise Declares Crypto’s Bottom, but Who Needs Certainty Anyway?

In his Q4 2025 “Crypto Market Review,” the illustrious Chief Investment Officer Matt Hougan declares this quarter to be an inflection point-an important one, mind you-because, as he charmingly notes, “the signals are not all moving in the same direction.” A veritable cacophony of financial symphonies! “Every once in a while,” he mused, “the charts are mixed.” And how mixed they were, reminiscent of a particularly overzealous salad, tossed haphazardly in the aftermath of FTX’s dramatic collapse. Up, down, sideways-what a delightful mess! And yet, in the two years that followed, crypto prices took flight like an over-caffeinated pigeon.








