Bitwise: Hougan Reviews Strategy BTC Sale in Crypto Winter

Bitwise CIO Matt Hougan joined Decrypt to unpack Strategy’s recent BTC sale filing and emerging green shoots after months of crypto winter stagnation.

Price action on the 4h chart shows BTC at $62419.27 locked in a bearish trend below the EMA50 at $63710.02 while the EMA200 sits far higher at $70780.89; the MACD golden cross at -118.22 hints at building momentum yet RSI at 49.06 remains neutral, keeping traders cautious. With price testing the upper Bollinger band resistance at $63967.48, a healthy retracement toward the 50-EMA support near $63710 appears probable before any sustained continuation. Institutional surveys and the Clarity Act now dominate conversation as potential catalysts to lift retail boredom, while perpetual futures adoption by TradFi and Hyperliquid competition remain open questions for the next leg higher.