Bitwise Chief Investment Officer Matt Hougan posted on platform X that Bitcoin has now attracted 'value' buyers. One of the reasons Bitcoin experienced such severe pullbacks in the past is that every time BTC started to pull back, people began to worry it would drop to $0. This concern no longer exists, and more and more investors are looking for entry points. Of course, the market has not eliminated volatility, but it is believed that the severity of pullbacks has been reduced at present.