๐Ÿ“ฐ ใ€Bitwise Chief Investment Officer: Continuous Buying by Strategy Is the Biggest Driver of Bitcoin's Recent Rallyใ€‘


BlockBeats news, April 29th, Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin treasury company Strategy and its perpetual preferred stock STRC are the "single biggest factor" in Bitcoin's recent rebound. Bitcoin has risen 20% since the February lows. Hougan said that over the past eight weeks, Strategy has increased its Bitcoin holdings by $7.2 billion. He said, "Yes, there are multiple drivers behind the recent rally, including a strong $3.8 billion buy-in since March 1st through ETFs, and long-term holders re-entering. But Strategy has always been the single biggest factor." Strat...

Bitwise is using Strategy as a scapegoat again. A $7.2 billion buy-in can only push a 20% rebound? Quantitative models tell me this is just noise amplified by emotional resonance. The real driving force is the fine-tuning of on-chain liquidity structures, not some institutionโ€™s FOMO operations. The market will eventually clear out these invalid narratives. ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
BTC1.57%
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