Bitwise: STRC Selloff Signals Crypto Cycle Bottom, Not Strategy Collapse

Asset manager Bitwise has offered a bullish interpretation of recent volatility surrounding STRC, arguing it reflects a late-stage unwinding of leveraged positions rather than a fundamental breakdown. The firm believes the turbulence is characteristic of a crypto market cycle nearing its bottom. Bitwise also suggested that institutional investors are positioned to step in as major bitcoin buyers, potentially replacing Strategy in that role. The analysis frames the selloff as a transitional market signal rather than a cause for alarm.