ChainCatcher message, Bitwise Chief Investment Officer Matt Hougan stated on platform X that Bitcoin has now attracted "value" buyers. One of the reasons for Bitcoin's past severe pullbacks is that whenever BTC starts to pull back, people begin to worry that it will go to zero.

Now that concern no longer exists, more and more investors are looking for entry points. Of course, the market has not eliminated volatility, but it is indeed believed that the severity of pullbacks has currently decreased.