$BITW BLEEDS 30% WHILE CRYPTO LAYOFFS PILE UP ACROSS THE BOARD 🔴
The bleeding is real. Bitwise cut 25 jobs, slimming to 155 staff, while the Bitwise 10 Crypto Index Fund bled over 30% since January. 📉 This isn't one firm's struggle — the whole sector is tightening. Coinbase, BitGo, Robinhood, Polygon all followed suit in 2026. 🩸
But here's the twist worth noting: Hunter Horsley still sees long-term growth, and Bitwise keeps expanding — the Chorus One acquisition in February proves smart money builds during downturns. 💡 When firms shed fat in weak markets, survivors often emerge sharper.
The 30% drawdown could be the reset that sets up the next leg. 📊 Are you treating this bloodbath as a buying window or a warning sign of deeper pain? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️
#BITW #CryptoLayoffs #BearMarket #MarketReset #Crypto 🐻 🩸