Bitcoin Sell-Off Slows Down, But The Road To Recovery Is Long — Analyst
It has been a rough stretch for Bitcoin Bitwise Chief Investment Officer Matt Hougan had a straightforward answer to that question. Forget the theories about market manipulation or fears over quantum computing breaking crypto encryption. According to Hougan, the explanation is simple — people who owned Bitcoin sold it. Some followed the four-year market cycle. Others cashed out to fund investments in AI companies. Some had no particular reason beyond wanting out. “They are mostly done selling, and we are in the process of bottoming,” he wrote on X. The conspiracy theories are wild. First it was Binance and then it was Wintermute and then it was an unknown offshore macro hedge fund and then it was paper bitcoin and. today it is Jane Street and next week it will be someone else. The real reason bitcoin is down is that a… — Matt Hougan (@Matt_Hougan) February 26, 2026 New all-time highs will come, he added. “This is a classic crypto winter, and there will be a classic crypto spring.”Why Did Bitcoin Drop In The First Place?
Spring Will Come
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For now, Woo’s analysis offers the most grounded take on where things stand. The selling has slowed. The market is catching its breath. But with liquidity still weak and no clear catalyst on the horizon,
Bitcoin’s path forward looks less like a comeback and more like a long, quiet wait — one that, by his own estimate, won’t end until the final months of 2026 at the earliest.
Featured image from Unsplash, chart from TradingView
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