Last updated on March 11th, 2026 at 03:12 pm
Quick Breakdown
- Bitcoin fell beneath $90,000 this week, reaching its lowest point in seven months.
- BitMine’s Tom Lee and Bitwise’s Matt Hougan expect the market to bottom out soon, presenting a significant opportunity for long-term investors.
- Macroeconomic factors, ETF outflows, and global tensions continue to shape price action, but optimism remains for a year-end rebound.
Bitcoin’s slump hits seven-month low as analysts eye bottom
Bitcoin briefly plunged below $90,000 this week, the lowest price seen since April 2025, driven by a wave of liquidations, ETF outflows, and cautious sentiment around U.S. Federal Reserve rate decisions. Experts from leading crypto companies BitMine and Bitwise say that current price exhaustion and market nervousness are signs the digital asset could hit its bottom within days. Tom Lee, chair of BitMine, points to post-liquidation exhaustion and economic uncertainty as central drivers, reinforced by input from market analysts who note classic reversal indicators are forming.
Bitwise CIO Matt Hougan adds that long-term whale sell-offs and escalating geopolitical risks compounded recent pain in the crypto market. Even with the recent volatility, both executives believe the market is setting up for a turnaround and see this period as a strong entry point for long-term investors. Hougan noted that since Bitcoin has been leading the pullback among risk assets, it may also be the first to bounce back in a meaningful way.
Industry leaders predict rebound, call drop a ‘Generational Opportunity’
At press time, Bitcoin trades near $90,718, roughly 28 per cent below its October all-time high of $126,000. Tom Lee remains optimistic, expecting a rally in broader equities to help drag digital assets back toward record territory before year-end. Both Lee and Hougan are characterizing the current downturn as a “generational opportunity” and a “gift for long-term investors,” given the historically substantial recoveries that have followed past market capitulations.
Hougan also linked current hesitancy to uncertainty over artificial intelligence valuations and policy moves, such as tariffs proposed by President Trump. Nevertheless, he asserts that for investors willing to take a longer-term view, the current price environment is set to reward patience and resolve.
Notably, in October, Bitwise Asset Management launched its first U.S. exchange-traded product, providing direct access to the Solana blockchain, trading under the ticker $BSOL. The new ETF stood out because it offered full spot exposure to Solana and planned to stake all of its holdings to earn the network’s typical annual rewards of around 7% or more. This setup made it much simpler for traditional investors to benefit from Solana’s price movements and staking returns without having to deal with wallets or the technical steps typically involved.
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