Bitwise CIO: Market Needs to Digest Long-Term Factors, Buying Opportunity Will Return

Cointime reports: Bitwise Chief Investment Officer Matt Hougan said on November 15 that the crypto market currently resembles mid-2018, with many participants exhausted and giving up. He said the market may need a period of relief as long-term factors including the election, Binance and tighter monetary policy are digested, and that a significant buying opportunity will emerge at some point, though timing is hard to predict. Hougan suggested the next breakout, like the 2018 recovery driven by DeFi, will come from innovation.