Bitwise says peak anxiety signals crypto market is nearing a bottom

The crypto asset manager argued that while the current drawdown mirrors the anxiety of 2018 and 2022, long-term upside catalysts remain intact. What to know : Bitwise noted that current market sentiment echoes that seen during the 84% and 77% drawdowns of previous cycles, which ultimately proved to be "incredible buying opportunities." Despite price declines, the report highlighted that Wall Street integration, tokenization, and "AiFi" are widening the gap between market value and realized progress. While exhaustion often marks the bottom, the firm pointed to the CLARITY Act, rate-cut expectations, and AI breakthroughs as potential upside shocks.(Coindesk)