{"id":46978,"date":"2026-07-02T23:03:10","date_gmt":"2026-07-02T23:03:10","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=46978"},"modified":"2026-07-02T23:03:10","modified_gmt":"2026-07-02T23:03:10","slug":"bitwise-tiger-research-both-say-bitcoins-bear-market-is-approaching-its-final-stage","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=46978","title":{"rendered":"Bitwise, Tiger Research both say Bitcoin’s bear market is approaching its final stage"},"content":{"rendered":"

Tiger Research and Bitwise CIO are now calling the bear market bottom after Bitcoin\u2019s price rebound into July.<\/strong><\/p>\n

Bitcoin briefly climbed to a daily high of $62,200 on Binance Thursday afternoon. It now hovers around $61,400, putting a 2.49% gain in the day and 3.08% gain over the last seven days.\u00a0<\/p>\n

\"BTC<\/p>\n

Tiger Research analysts issued a comment Thursday saying they are \u201cbecoming more constructive on Bitcoin from a cycle perspective,\u201d adding that Bitcoin has likely entered the final leg of the current bear market.\u00a0<\/p>\n

\u201cOur view is not that the exact bottom is already in, but that Bitcoin has likely entered the final quartile of the current bear-market process,\u201d the analysts wrote<\/a>.\u00a0<\/p>\n

Tiger Research says a liquidation event is still possible, but remains a late-cycle liquidation.<\/p>\n

\u201cOne final liquidation leg remains possible, but the remaining downside increasingly looks like late-bear-market downside, while the upside still belongs to the next full cycle of liquidity recovery, institutional allocation, and monetary-premium expansion.\u201d<\/p>\n

Bitwise CIO sees Strategy\u2019s sales policy as bottom sign<\/h3>\n

Bitwise CIO Matt Hougan made a similar comment, calling the market bottom, owing to Strategy\u2019s policy to begin selling its Bitcoin holdings and the recent selloff in Strategy\u2019s STRC preferred stock.<\/p>\n

In a post on Wednesday<\/a>, Hougan pointed to STRC as the proximate trigger for Bitcoin\u2019s slide below $60,000.<\/p>\n

STRC launched with a $100 par value and a 9% yield, with Strategy pledging to raise the rate by 0.25 to 0.50 percentage points whenever the price dropped below par.<\/p>\n

That mechanism broke down as both Bitcoin and MSTR shares fell. The rate climbed to 11.5%, but STRC\u2019s market price dropped to $75, pushing the effective yield to 15.4%.<\/p>\n

Strategy responded on June 29<\/a> by saying it would stop defending the $100 price through automatic rate increases. The firm will instead allow STRC to float freely and periodically sell BTC to cover dividend payments or buy back STRC shares.<\/p>\n

Hougan said Strategy\u2019s decision is a pragmatic response, saying \u201cThe volatility in STRC is a natural and important part of the crypto cycle. I think we\u2019re nearing the bottom.\u201d<\/p>\n

If you’re reading this, you\u2019re already ahead. Stay there with our newsletter<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Tiger Research and Bitwise CIO are now calling the bear market bottom after Bitcoin\u2019s price rebound into July. Bitcoin briefly climbed to a daily high of $62,200 on Binance Thursday afternoon. It now hovers around $61,400, putting a 2.49% gain in the day and 3.08% gain over the last seven days.\u00a0 Tiger Research analysts issued […]<\/p>\n","protected":false},"author":1,"featured_media":46979,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-46978","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nBitwise, Tiger Research both say Bitcoin's bear market is approaching its final stage - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=46978\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitwise, Tiger Research both say Bitcoin's bear market is approaching its final stage - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Tiger Research and Bitwise CIO are now calling the bear market bottom after Bitcoin\u2019s price rebound into July. Bitcoin briefly climbed to a daily high of $62,200 on Binance Thursday afternoon. It now hovers around $61,400, putting a 2.49% gain in the day and 3.08% gain over the last seven days.\u00a0 Tiger Research analysts issued […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=46978\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-02T23:03:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bitwise, Tiger Research both say Bitcoin’s bear market is approaching its final stage\",\"datePublished\":\"2026-07-02T23:03:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978\"},\"wordCount\":367,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-after-dark-ETF-8LqZh4.webp\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978\",\"name\":\"Bitwise, Tiger Research both say Bitcoin's bear market is approaching its final stage - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-after-dark-ETF-8LqZh4.webp\",\"datePublished\":\"2026-07-02T23:03:10+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=46978\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-after-dark-ETF-8LqZh4.webp\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Bitcoin-after-dark-ETF-8LqZh4.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46978#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitwise, Tiger Research both say Bitcoin’s bear market is approaching its final stage\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitwise, Tiger Research both say Bitcoin's bear market is approaching its final stage - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=46978","og_locale":"en_US","og_type":"article","og_title":"Bitwise, Tiger Research both say Bitcoin's bear market is approaching its final stage - Cryptomag","og_description":"Tiger Research and Bitwise CIO are now calling the bear market bottom after Bitcoin\u2019s price rebound into July. Bitcoin briefly climbed to a daily high of $62,200 on Binance Thursday afternoon. It now hovers around $61,400, putting a 2.49% gain in the day and 3.08% gain over the last seven days.\u00a0 Tiger Research analysts issued […]","og_url":"https:\/\/cryptomag.finance\/?p=46978","og_site_name":"Cryptomag","article_published_time":"2026-07-02T23:03:10+00:00","og_image":[{"width":1000,"height":560,"url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp","type":"image\/webp"}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=46978#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=46978"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Bitwise, Tiger Research both say Bitcoin’s bear market is approaching its final stage","datePublished":"2026-07-02T23:03:10+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=46978"},"wordCount":367,"image":{"@id":"https:\/\/cryptomag.finance\/?p=46978#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Bitcoin-after-dark-ETF-8LqZh4.webp","articleSection":["Bitcoin"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=46978","url":"https:\/\/cryptomag.finance\/?p=46978","name":"Bitwise, Tiger Research both say Bitcoin's bear market is approaching its final stage - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=46978#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=46978#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Bitcoin-after-dark-ETF-8LqZh4.webp","datePublished":"2026-07-02T23:03:10+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=46978#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=46978"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=46978#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Bitcoin-after-dark-ETF-8LqZh4.webp","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Bitcoin-after-dark-ETF-8LqZh4.webp","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=46978#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Bitwise, Tiger Research both say Bitcoin’s bear market is approaching its final stage"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/46978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46978"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/46978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/46979"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}