Bitcoin Price Decline Attributed to Retail Traders, Not Exchanges

Bitcoin's recent price decline has been a topic of discussion among investors and traders. According to Matt Hougan, Chief Investment Officer at Bitwise, the real reason behind Bitcoin's price drop is not due to any specific exchange or firm, but rather due to retail traders selling their BTC exposure.

Hougan believes that the market is currently experiencing a 'classic crypto winter,' which he defines as a period of low demand and prices. However, he predicts that this will be followed by a 'crypto spring,' where prices will rise again.

In his opinion, the decline in Bitcoin's price is due to four-year cycle, quantum fears, and other factors. He emphasizes that it's not just about blaming one particular firm or exchange for manipulating the price.