Matt Hougan, chief investment officer at Bitwise, expects Bitcoin to finish the year significantly higher, arguing that sellers are gone and bad news no longer moves the market. Institutional exposure to Bitcoin has grown to between 4% and 5% under a conventional 1% portfolio allocation framework. According to Santiment, 90 wallets now hold at least 10,000 BTC, a net increase of 6 wallets over the past 8 weeks, or a 7.1% rise. Among traders, DonAlt sees signs of a major move higher, while veteran trader Peter Brandt remains cautious and would bet on a decline.
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