Odaily News Matt Hougan, chief investment officer of Bitwise, wrote on the X platform that Bitcoin has now gained a "value" buyer. One of the reasons why Bitcoin has pulled back so sharply in the past is that every time BTC starts to pull back, people start to worry that it will return to zero. Now that this worry is no longer there, more and more investors are looking for entry points. Of course, the market has not eliminated volatility, but it does believe that the severity of the pullback has been reduced at present.