Bitwise: The 1011 Flash Crash Is a Fleeting Event, the Bull Market Will Continue

According to a report by Jinse Finance, Bitwise Chief Investment Officer Matt Hougan stated in an investment memo published on the 15th that he used three questions to determine whether the 1011 flash crash was a fleeting event or a significant incident: 1. Were major market participants affected by the crash? The damage appears to be limited to individual investors. 2. How did blockchain technology perform? Many DeFi platforms performed flawlessly. 3. Were investors bombarding with emails, calls, or text messages? There was no commotion; professional investors largely ignored the information. Therefore, he believes the 1011 flash crash will not have any lasting impact. The long-term driving forces of this market—improved regulation, increased allocation by institutional investors, and the growing recognition that cryptocurrency is disrupting all traditional markets—remain intact. Over time, the market will gradually regain vitality and refocus on the fundamentals of cryptocurrency. At that point, the bull market will continue.