[Bitwise CIO: The Real Reason for Bitcoin's Decline is Long Position Holders Selling] Foresight News reports that Bitwise Chief Investment Officer Matt Hougan tweeted, 'The conspiracy theories are endless. First Binance, then Wintermute, and next week it might be someone else. The real reason for Bitcoin's decline is that many holders of long Bitcoin positions have sold their holdings. They sold through spot trading, by closing leveraged positions, and by selling call options. The reasons they sold include the 4-year cycle, concerns about quantum computing, a desire to invest in AI startups, and other factors. They have essentially stopped selling, and we are now in a bottoming-out and rebound phase. In the future, we will reach new all-time highs.'