Bitwise says STRC selloff signals crypto cycle nearing a bottom, not Strategy’s breaking point
Bitwise said STRC’s volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin’s biggest buyer.
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Summary
- Bitwise said STRC’s collapse is a classic late-cycle deleveraging event, not a sign of impending liquidation at Strategy.
- Strategy’s new framework shifts MSTR from a one-way bitcoin buyer to a more flexible capital allocator.
- The asset manager expects institutional investors, not Strategy, to become bitcoin’s dominant source of demand in the next cycle.
