The Final Hurdle Before The Next $BTC Bull Run w/ @BitwiseInvest CIO @Matt_Hougan, Head of Research @RasterlyRock & @Jesseeckel The biggest misread in crypto right now? OG selling isn’t bearish; it’s the distribution phase before institutional liftoff. Think Facebook at $38. Here’s what Bitwise sees coming ⏱ TIME POINTS ⏱ 00:00 – Intro 01:31 – Bitcoin’s Silent IPO Phase 04:52 – Are OGs Selling a Bearish Sign? 07:04 – Visser’s Take Hits the Market 09:11 – Jesse’s Bitcoin Outlook 13:00 – Gov Shutdown = Liquidity Drain 17:25 – What the TGA Actually Does 19:47 – Bridge 20:09 – Gemini 20:47 – What Investors Are Getting Wrong 24:40 – Who Got Wiped Out in This Crash? 28:40 – Retail Sentiment Check 32:25 – Portfolio Allocation Shifts 37:15 – Figure Markets 37:50 – $SOL ETF Is Crushing It 40:30 – PolyMarket Degens Unite