PANews reported on November 5th that, according to CNBC, Bitwise CIO Matt Hougan stated that retail investors are in a state of "extreme desperation," but institutions and financial advisors are still increasing their Bitcoin holdings. Bitcoin recently fell below the $100,000 mark, hitting a new low since June, while ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin (FBTC), and Grayscale (GBTC) continue to see net inflows. Hougan believes that the market may have bottomed out after the sentiment reshuffle, and it is possible that Bitcoin will break through approximately $125,000 to $130,000 this year, setting a new all-time high. The Bitwise Solana Staking ETF (BSOL) attracted over $400 million in its first week before falling by about 20% along with the market.PANews reported on November 5th that, according to CNBC, Bitwise CIO Matt Hougan stated that retail investors are in a state of "extreme desperation," but institutions and financial advisors are still increasing their Bitcoin holdings. Bitcoin recently fell below the $100,000 mark, hitting a new low since June, while ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin (FBTC), and Grayscale (GBTC) continue to see net inflows. Hougan believes that the market may have bottomed out after the sentiment reshuffle, and it is possible that Bitcoin will break through approximately $125,000 to $130,000 this year, setting a new all-time high. The Bitwise Solana Staking ETF (BSOL) attracted over $400 million in its first week before falling by about 20% along with the market.

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more