Bitwise: STRC Selloff Signals Crypto Cycle Bottom, Not Strategy’s Breaking Point

Bitwise Asset Management has stated that the recent selloff in Strategy (formerly MicroStrategy) stock (STRC) is a signal that the broader crypto cycle is nearing a bottom, rather than indicating a breaking point for the company itself. According to Bitwise, the selloff reflects market sentiment and cyclical pressures in the cryptocurrency sector, not fundamental issues with Strategy’s business model or its Bitcoin (BTC) holdings. The firm suggests that such selloffs historically occur near market bottoms, presenting potential buying opportunities for long-term investors. This analysis comes amid ongoing volatility in the crypto market, with Bitcoin prices fluctuating and influencing related equities.