Bitwise CIO Points to June Bitcoin Low Despite Near-Term Uncertainty
Matt Hougan says bitcoin’s June low marked the start of a multi-year bull market, while a subsequent inflation-driven pullback underscores near-term volatility.
Matt Hougan says bitcoin’s June low marked the start of a multi-year bull market, while a subsequent inflation-driven pullback underscores near-term volatility. Bitcoin (BTC) is trading at ₹69,40,233 ($73,867.00), up 0.7% since this brief published. This is an original Token Times brief based on reporting by Unchained, with live market data added, as of Wed, 11 Nov 2026 01:45:01 UTC.
Hougan’s long-horizon view places the recent decline within a broader market upturn, but his expectation of several uncertain weeks highlights the gap between a multi-year thesis and short-term price action.
- Hougan identifies June as bitcoin’s market bottom
- He expects several weeks of uncertainty before conditions improve
- Bitcoin trades at $73,356 after slipping below $74,000
- The broader crypto market is broadly lower, with Fear & Greed at 29
- Michael Saylor Maintains Bitcoin's Long-Term Resilience Despite Bearish Signals
- Pompliano Points to Monetary Expansion as Bitcoin’s Long-Term Support
- Bitwise CIO Points to June Bitcoin Low Despite Near-Term Uncertainty — this brief
Bitwise chief investment officer Matt Hougan said bitcoin reached its cycle low in June and expects a favorable finish to 2026. In Unchained’s report, he described a multi-year bull market as already underway, although he anticipates a short period of uncertainty lasting a few weeks.
The warning came a day before bitcoin fell below $74,000 following a hotter-than-expected inflation report. That pullback leaves the largest cryptocurrency testing the lower end of its recent range, even as Hougan maintains that the longer-term advance remains intact in his assessment.
Unchained was the only outlet reporting the comments, so there is no independent outlet corroboration or competing estimate in the supplied coverage. The report links the immediate decline to the inflation data but does not provide a separate forecast for bitcoin’s price or the duration of Hougan’s expected uncertainty.
Live market data show bitcoin at $73,356, down 2.34% over 24 hours and 5.07% over seven days. Its market capitalization stands at $1.48 trillion. The total crypto market is $2.51 trillion and broadly lower, while the Fear & Greed index registers 29, indicating a market sentiment classified as fearful. The near-term data therefore show continued weakness despite Hougan’s bullish multi-year positioning.
Since this brief published about 5 hours ago, Bitcoin (BTC) has moved from ₹68,92,222.03$73,356.00 to ₹69,40,233.45$73,867.00 — +0.70%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $65,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹8.84M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 11 01:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.35M (about $73,867.00), down 1.4% over 24 hours. The rupee itself trades about 5.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitwise CIO Points to June Bitcoin Low Despite Near-Term Unc — questions & answers
Who believes bitcoin bottomed in June?
Bitwise chief investment officer Matt Hougan said bitcoin’s cycle low occurred in June and described a multi-year bull market as underway.
What does Hougan expect before a stronger finish?
He expects a few weeks of uncertainty first, according to Unchained, while maintaining a favorable outlook for the end of 2026.
How is bitcoin trading after the inflation report?
Bitcoin is at $73,356, down 2.34% over 24 hours and 5.07% over seven days. The Fear & Greed index stands at 29, within the Fear range.
How much is 1 Bitcoin worth in rupee today?
About ₹7.35M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $73,867.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.70% since this brief first published — trading at ₹69,40,233 ($73,867.00) now versus ₹68,92,222 ($73,356.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Unchained. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.