Odaily News Bitwise CIO Matt Hougan said that all the current selling pressure adverse factors are one-time sales, causing a short-term liquidity shock, and the seasonal period of low liquidity in cryptocurrencies is coming to an end. In contrast, the inflow of spot Bitcoin ETFs, Bitcoin halving, the change in political attitudes of spot Ethereum ETFs, and the prospect of interest rate cuts by the Federal Reserve have created a better long-term environment for cryptocurrencies. Coupled with the strong growth of the stablecoin market, Layer2 development, and the increasing participation of institutions such as BlackRock in the field, the right combination of developments in the second half of the year may easily push Bitcoin to $100,000 and push ETH to a record high.