Bitwise CIO: Bitcoin and other risk assets retreat, value stocks show relative resilience

Odaily reported that Bitwise Chief Investment Officer Matt Hougan stated in a post that despite strong U.S. employment data, not only cryptocurrencies but almost all asset classes are currently weakening overall, with value-style sectors showing relatively strong performance. Market sentiment reflects concerns that several upcoming large-scale tech IPOs could mark a cyclical top for the current tech stock rally. This sentiment may continue to ferment over the next few weeks, but he believes it does not signify a long-term peak for the tech sector.