Bitwise CEO says sharp drops, fear historically precede bull markets

Hunter Horsley, CEO of Bitwise, stated on X that sharp declines, periods of fear, and emerging theories that the market is finished have historically been followed by bull markets and new all-time highs. He noted that this pattern has been observed numerous times in the cryptocurrency market. Horsley pointed out that this pattern was evident even this year, with a bearish first quarter followed by strong second and third quarters. He added that people are surprised again by the current downturn and will likely be surprised once more if the market trends upward in the first quarter of next year. Horsley has previously forecasted the arrival of a major crypto bull market in 2026.