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Bitcoin may hit market bottom soon as Strategy unwinds leverage; new bull market expected this fall.

Market News
02 Jul 2026
Crypto Briefing
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Bullish
Bitcoin may hit market bottom soon as Strategy unwinds leverage; new bull market expected this fall.

Bitwise CIO Matt Hougan believes Bitcoin is nearing a market bottom due to the unwinding of excess leverage linked to Strategy’s STRC preferred stock. STRC’s recent price drop reflects a necessary correction after years of financial engineering that fueled Bitcoin demand. Strategy has shifted from being a consistent Bitcoin buyer to a more flexible approach, selling Bitcoin to maintain cash reserves and meet obligations. Hougan expects institutional investors to drive the next Bitcoin bull market, which he predicts will begin this fall.

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