Experts Predict End of Crypto Winter with Accumulation Trends

The crypto market has been experiencing a prolonged downturn, but experts are calling it a temporary phenomenon. According to Bitwise CIO Matt Hougan and NovaDius Wealth Management president Nate Geraci, the current 'crypto winter' will eventually give way to a 'classic crypto spring'. One reason for this optimism is the accumulation of Bitcoin by high-net-worth individuals and institutions.

A recent analysis of onchain data by Santiment shows that the population of Bitcoin wallets holding at least 100 tokens has grown to nearly 20,000. This represents a significant increase in participation from institutional investors, which are typically long-term holders with large amounts of capital to invest.

The growth of this cohort is considered a 'bullish' signal by experts, as it indicates that more sophisticated investors are entering the market and accumulating Bitcoin at lower prices. Additionally, CoinGlass data shows that the Coinbase Bitcoin Premium Index has turned positive, indicating strong buying pressure from traders and institutions based in the US.