The post Why Matt Hougan Thinks It’s Just a Blip appeared on BitcoinEthereumNews.com. Home » Crypto News After crypto’s biggest liquidation event, Bitwise saysThe post Why Matt Hougan Thinks It’s Just a Blip appeared on BitcoinEthereumNews.com. Home » Crypto News After crypto’s biggest liquidation event, Bitwise says

Why Matt Hougan Thinks It’s Just a Blip

For feedback or concerns regarding this content, please contact us at [email protected]

Home » Crypto News


After crypto’s biggest liquidation event, Bitwise says no major cracks appeared.

‘;
}
function loadTrinityPlayer(targetWrapper, theme,extras=””) {
cleanupPlayer(targetWrapper); // Always clean first ✅
targetWrapper.classList.add(‘played’);
// Create script
const scriptEl = document.createElement(“script”);
scriptEl.setAttribute(“fetchpriority”, “high”);
scriptEl.setAttribute(“charset”, “UTF-8”);
const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);
scriptURL.searchParams.set(“pageURL”, window.location.href);
scriptEl.src = scriptURL.toString();
// Insert player
const placeholder = targetWrapper.querySelector(“.add-before-this”);
placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);
}
function getTheme() {
return document.body.classList.contains(“dark”) ? “dark” : “light”;
}
// Initial Load for Desktop
if (window.innerWidth > 768) {
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),’&autoplay=1′);
});
}
}
// Mobile Button Click
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),’&autoplay=1′);
});
}
function reInitButton(container,html){
container.innerHTML = ” + html;
}
// Theme switcher
const destroyButton = document.getElementById(“checkbox”);
if (destroyButton) {
destroyButton.addEventListener(“click”, () => {
setTimeout(() => {
const theme = getTheme();
if (window.innerWidth > 768) {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if(desktopWrapper.classList.contains(‘played’)){
loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1′);
}else{
reInitButton(desktopWrapper,’Listen‘)
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,’&autoplay=1’);
});
}
}
} else {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if(mobileWrapper.classList.contains(‘played’)){
loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′);
}else{
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,’&autoplay=1′);
});
}
}
}
}, 100);
});
}
})();


Summarize with AI


Summarize with AI

The recent crypto market turbulence, seemingly triggered by a geopolitical shock, has once again tested investors’ nerves. But Bitwise CIO Matt Hougan believes it may ultimately reaffirm the strength of the ongoing bull market.

The exec recounted the chain of events that sent crypto prices spiraling late last week, only to watch them rebound almost as quickly – although, admittedly, not to the same extent.

Nothing Fundamental Changed

The sudden drop came after former US President Donald Trump threatened China with sweeping 100% tariffs on all imports in response to Beijing’s move to restrict exports of rare earth metals. With equity markets closed, traders sought a real-time reaction mechanism and turned to crypto.

Within minutes, Bitcoin plunged by as much as 15%, and altcoins, led by Solana, saw declines of up to 40%. Nearly $20 billion in leveraged positions were liquidated in the largest such event in crypto’s history, which ended up amplifying the sell-off through cascading liquidations. Despite this, most crypto assets partially recovered after the US administration softened its stance.

According to Hougan, the key question is whether the episode was a fleeting blip or a signal of more profound structural weakness. The exec found that nothing fundamental to crypto’s outlook changed, while citing the market’s underlying technology, security, and regulatory progress.

Hougan outlined three questions Bitwise uses to assess whether a market shock has lasting implications. These are whether any major institutions collapsed, how blockchain systems performed under stress, and whether investor panic reached systemic levels. None of those red flags appeared. No major firms or market makers failed, and most losses were confined to retail traders who had taken highly leveraged positions.

Technologically, decentralized platforms such as Uniswap, Aave, and Hyperliquid continued operating as usual without disruption. Centralized venues did experience some turbulence. Binance, for instance, refunded traders on a few separate occasions. But overall, the crypto markets held up as well or better than traditional ones might have in similar conditions.

You may also like:

Professional players largely ignored the event, in what appears to be a vote of confidence in the asset class’s long-term trajectory. That steadiness, he argued, indicates how far crypto markets have matured from the days when similar volatility would spark panic. The broader picture also remains encouraging. Bitcoin has gained 21% so far in 2025, and Bitwise’s Large Cap Crypto Index is up 22%.

While short-term volatility may continue as liquidity providers and market makers temporarily step back, Hougan believes the market will soon stabilize.

Bitcoin Still Far from Peak Euphoria

According to on-chain research by CryptoQuant, Bitcoin’s MVRV ratio is currently near 2.0. This level has historically represented mid-cycle conditions rather than extreme valuations. The ratio remains comfortably below the 4.0 range reached during prior bull market peaks, while still above the sub-1.0 levels seen in major accumulation periods. As such, long-term holders are refraining from heavy selling, and institutional ETF inflows continue to provide support.

Miner activity has also softened, which points to reduced supply pressure. These trends indicate that Bitcoin is consolidating within a constructive, mid-phase market environment rather than approaching an overheated or cyclical peak.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Source: https://cryptopotato.com/trumps-trade-threats-against-china-rocked-bitcoin-why-matt-hougan-thinks-its-just-a-blip/

Market Opportunity
Gensyn Logo
Gensyn Price(AI)
$0.03492
$0.03492$0.03492
-4.30%
USD
Gensyn (AI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Michael Saylor’s Strategy Buys $2,010,000 Worth of Bitcoin in One of the Firm’s Largest Acquisitions Ever

Michael Saylor’s Strategy Buys $2,010,000 Worth of Bitcoin in One of the Firm’s Largest Acquisitions Ever

The post Michael Saylor’s Strategy Buys $2,010,000 Worth of Bitcoin in One of the Firm’s Largest Acquisitions Ever appeared on BitcoinEthereumNews.com. Michael
Share
BitcoinEthereumNews2026/05/19 15:17
One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

The post One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight appeared on BitcoinEthereumNews.com. Frank Sinatra’s The World We Knew returns to the Jazz Albums and Traditional Jazz Albums charts, showing continued demand for his timeless music. Frank Sinatra performs on his TV special Frank Sinatra: A Man and his Music Bettmann Archive These days on the Billboard charts, Frank Sinatra’s music can always be found on the jazz-specific rankings. While the art he created when he was still working was pop at the time, and later classified as traditional pop, there is no such list for the latter format in America, and so his throwback projects and cuts appear on jazz lists instead. It’s on those charts where Sinatra rebounds this week, and one of his popular projects returns not to one, but two tallies at the same time, helping him increase the total amount of real estate he owns at the moment. Frank Sinatra’s The World We Knew Returns Sinatra’s The World We Knew is a top performer again, if only on the jazz lists. That set rebounds to No. 15 on the Traditional Jazz Albums chart and comes in at No. 20 on the all-encompassing Jazz Albums ranking after not appearing on either roster just last frame. The World We Knew’s All-Time Highs The World We Knew returns close to its all-time peak on both of those rosters. Sinatra’s classic has peaked at No. 11 on the Traditional Jazz Albums chart, just missing out on becoming another top 10 for the crooner. The set climbed all the way to No. 15 on the Jazz Albums tally and has now spent just under two months on the rosters. Frank Sinatra’s Album With Classic Hits Sinatra released The World We Knew in the summer of 1967. The title track, which on the album is actually known as “The World We Knew (Over and…
Share
BitcoinEthereumNews2025/09/18 00:02
Moody’s Assigns First-Ever Rating to Bitcoin-Backed Municipal Bond in Historic Crypto Finance Move

Moody’s Assigns First-Ever Rating to Bitcoin-Backed Municipal Bond in Historic Crypto Finance Move

TLDR: Moody’s assigned a provisional Ba2 rating to a $100M Bitcoin-backed New Hampshire municipal bond, a market first. The bond requires 160% Bitcoin overcollateralization
Share
Blockonomi2026/04/02 18:15

No Chart Skills? Still Profit

No Chart Skills? Still ProfitNo Chart Skills? Still Profit

Copy top traders in 3s with auto trading!