Bitwise says Bitcoin's brutal nine-month downturn masks a stronger-than-ever foundation, arguing institutional adoption, corporate buying, and improving market infrastructure position the industry for a rebound despite record ETF outflows and weak sentiment.
Bitcoin price has fallen more than 5.5% over the past week to around $72,600 as spot ETF outflows and rising U.S.-Iran tensions fueled broader risk-off sentiment.
Bitcoin closed the week at $86,588 after losing $87,000 support, with bears eyeing a decisive break below $84,000 that could accelerate declines toward $68,000–$72,000.