Bitwise CEO: The crypto market may have been in a bear market for nearly six months and is nearing its end.

According to Odaily Planet Daily, Bitwise CEO Hunter Horsley stated in an article on the X platform that the traditional "four-year crypto cycle" model is no longer applicable to the current market structure. Since the launch of the Bitcoin ETF and changes in the regulatory environment, market participants and trading motivations have undergone significant shifts. He noted that while the crypto market may have been in a bear market for the past six months, it is now nearing the end of the downturn and believes that the overall allocation environment for crypto assets has "never been stronger."