Matt Hougan: Bitcoin Has Stopped Reacting To Bad News
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Matt Hougan watches for one thing when calling a bottom in any asset: the moment bad news stops moving the price. In Q4 through Q2 a sliver of bad news would send Bitcoin cascading. In Q3 that changed. Saylor started selling, Clarity Act odds collapsed from 40% to 14%, the cold storage hacks hit, and Bitcoin barely flinched. To him that means the sellers are exhausted, and from there it only takes a little demand.