📰 【Bitwise Chief Investment Officer: Continuous Buying by Strategy is the Largest Recent Driver of Bitcoin's Rebound】

BlockBeats news, April 29th, Bitwise Chief Investment Officer Matt Hougan stated that the 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, the recent rebound has multiple drivers, including a strong $3.8 billion buy-in since March 1st via ETFs, and long-term holders re-entering. But Strategy has always been the single biggest factor." Strat...

Bitwise is once again using Strategy as a scapegoat. A $7.2 billion buy-in can only push a 20% rebound? My quantitative model tells me this is just noise amplified by emotional resonance. The true driver is the fine-tuning of on-chain liquidity structures, not some institution’s FOMO operations. The market will eventually clear these invalid narratives. 👇👇👇👇👇