Despite ongoing price swings, sentiment among financial advisers toward cryptocurrency remains largely optimistic. Recent market pullbacks are being interpreted less as warning signs and more as potential entry points, according to comments from Bitwise Asset Management Chief Investment Officer Matt Hougan.
Advisers See Volatility as Opportunity
In a post shared on X on Feb. 5, Hougan summarized discussions with multiple financial advisers, noting that confidence in long-term crypto exposure has not wavered. Advisers who have yet to allocate to digital assets reportedly view the recent dip as a buying opportunity, while those already invested intend to maintain their positions rather than exit amid short-term volatility.
According to Hougan, this steady outlook reflects conviction-driven strategies rather than reactions to short-term price movements. Advisers appear focused on long-term fundamentals instead of attempting to time the market.
Crypto-Native Investors Still Set the Tone
Hougan also highlighted an important takeaway from the recent market correction: exchange-traded fund (ETF) investors are not the primary force shaping crypto price action. Instead, long-standing crypto-native investors—often referred to as “HODLers”—continue to play a dominant role in determining market direction.
He emphasized that industry observers may have overestimated the influence of ETFs as the marginal buyer over the past year, while underestimating the impact of committed, long-term holders who are less sensitive to short-term fluctuations.
Market Structure Favors Long-Term Holders
This dynamic suggests that price formation in crypto markets is still heavily influenced by investors with deep conviction and longer time horizons. While ETFs have expanded access and visibility for digital assets, the behavior of experienced market participants continues to shape liquidity, volatility, and overall market structure.
As a result, even amid broader adoption and regulated investment products, crypto-native investors remain a central force—reinforcing the view among advisers that the current phase may be setting the stage for the market’s next upward move.
#crypto #FinancialInsights #BullishMomentum #market #analysis $BTC $ETH $SOL