$12 Billion Fund Chief Says Bitcoin Rally Coming Before Year-End
$12 Billion Bitwise Fund Chief, Matt Hougan, Says Bitcoin Rally Is Coming Before Year-End
Speaking in a latest market interview on CNBC, the Bitwise Chief Investment Officer described the present retail setting as one among “most desperation,” citing the latest wave of leveraged liquidations, futures wipeouts, and yield protocol failures as proof.
According to him, the market sentiment in the meanwhile is at its most depressive stage, which alerts a backside quite than the top of the cycle.
JUST IN: $12 billion Bitwise CIO Matt Hougan on CNBC: “I’m optimistic that we’re going to rally on the finish of the 12 months.”
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— Bitcoin Magazine (@BitcoinMagazine) November 5, 2025
“The crypto market is shifting to an institutionally pushed market, and curiously, that’s a bullish factor. I’m optimistic that we rally into year-end and Q1 2026,” he stated.
Bitwise CIO Says Retail Capitulation Signals Bitcoin Bottom
He added that “The market wants to complete the flush out of retail leverage-driven sentiment, and we’re near the underside earlier than a bullish reversal.”
Hougan’s projection aligns intently with latest remarks shared by Fundstrat Capital CIO Tom Lee, who not too long ago mentioned Bitcoin’s state following the October 10 liquidation.
In a separate CNBC interview, Lee noted Bitcoin’s battle to remain above $103,000, explaining
“Since October 10, that liquidation was like a miniature rupture, nearly like a tsunami. The market remains to be consolidating from that impact.”
Tom Lee tells CNBC that he nonetheless sees Bitcoin rallying into 12 months finish and with the ability to hit $150K-$200K pic.twitter.com/UEhWJ152lC
— Rhino Bitcoin App (@RhinoBitcoin) November 3, 2025
Despite the short-term weak spot, Lee argued that fundamentals stay sturdy, citing document stablecoin volumes and surging application revenues throughout Ethereum and Solana.
“Fundamentals are main worth proper now,” he stated. “Eventually, we consolidate and rally into year-end, I nonetheless suppose Bitcoin can attain between $150,000 and $200,000.”
BTC/Gold Ratio Bottom Shows Bitcoin Rally Coming Before Year-end
Professional crypto dealer and Kraken-backed prop agency co-founder Trader Mayne additionally weighed in on the present state of the market.
Mayne believes the present Bitcoin construction stays according to the historic four-year cycle.
“The present worth motion seems like a four-year cycle, acts like a four-year cycle — likelihood is, it’s one,” he wrote, projecting a cycle prime in This fall 2025 or early Q1 2026.
He additional highlighted the BTC/Gold ratio, noting that gold usually leads Bitcoin breakouts by 60–90 days and that the ratio seems to have bottomed.
“Since Bitcoin hasn’t had its blow-off prime but, whereas gold, tech shares, and even some crypto companies have seen parabolic rallies, I nonetheless imagine Bitcoin’s explosive part is forward,” he added.
Mayne additionally identified that Bitcoin’s subsequent weekly cycle low is both in or imminent, which may precede a push to new all-time highs.
“The chart construction suggests a cycle low that results in a brand new ATH,” he stated, including that he thinks Trump has a couple of methods left up his sleeve to attempt to pump the markets going into 2026.
However, he cautioned that whereas everyone seems to be anticipating a rally into year-end, if the present rally fails to determine a brand new high, the market may enter a chronic distribution part.
Bitcoin Year-end Rally Points to 2026 Bear Market Incoming
While the chances that Bitcoin’s prime got here in October round $126,000 are “comparatively low,” Mayne famous that “something stays potential.”
If the four-year cycle holds, he expects 2026 to be largely bearish, although not as extreme as previous drawdowns.
“I don’t anticipate an 80% crash, however we may see considerably decrease costs. 2026 may also mark a robust 12 months for the U.S. greenback,” he concluded.
Crypto investor since 2017, Credibull, additionally shared that Bitcoin on the high timeframes stays unequivocally bullish, and the present correction is taken into account regular and wholesome within the high-timeframe context.
According to him, the present correction ought to both maintain above the lows at $98K (what’s referred to as a “working flat“) or doubtlessly wick under them (what’s referred to as an “expanded flat“). In both case, there isn’t any change in high-timeframe construction.
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