According to PANews, Bitwise Chief Investment Officer Matt Hougan said that all the current selling pressure is a one-time sale, causing a short-term liquidity shock, and the seasonal period of low liquidity in cryptocurrencies is about to end.
In contrast, spot Bitcoin ETF inflows, Bitcoin halving, shifting political attitudes towards spot Ethereum ETFs, and the prospect of Fed rate cuts all create a better long-term environment for cryptocurrencies.
Combined with strong growth in the stablecoin market, Layer 2 development, and increasing involvement of institutions like BlackRock in the space, the right combination of developments in the second half of the year could easily push Bitcoin to $100,000 and ETH to new all-time highs.
