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🚨 RETAIL VS. INSTITUTIONS: WHY BTC FELL?
Bitwise CIO Matt Hougan has explained the real reason behind Bitcoin’s year-end decline.
• Retail investors are selling out of fear of the "4-year cycle" causing sentiment to become "extraordinarily negative."
• While retail is selling, institutions (ETFs/Banks) are holding their Bitcoin, which has prevented a major crash.
Hougan believes this washout was necessary. 2026 could be a major "up year!"