Bitwise CIO Matt Hougan says the recent Bitcoin dip is being read very differently inside institutional circles than it is on crypto social media. In a March 2 interview with Scott Melker, Hougan said many professional allocators that missed the first leg of ETF-driven adoption are now treating lower prices as an opening, not a warning sign. Bitcoin Dip Draws Rush From Institutional Buyers The clearest example was a prospective client Hougan said had been in discussions with Bitwise for roughly two years before finally committing $11 million. For Hougan, that was less a story about sudden conviction than about how institutions actually move. “The average Bitwise client takes eight meetings before they allocate, which is brutal. But they meet quarterly. We’re about two years into the ETF boom. So they&#8217;re just now getting ready to allocate.” Bitcoin Insider Reveals Why Institutions Are Scrambling To Buy The Dip! | @Matt_Hougan pic.twitter.com/KUKndfw0mP — The Wolf Of All Streets (@scottmelker) March 2, 2026 That lag, he argued, is being mistaken for hesitation when it is often just an institutional process. “They’re not surprised that crypto is volatile,” Hougan said. “Like, wow, crypto is volatile, right? They’ve been waiting for an entry point.” He highlighted that spot ETFs saw net inflows during sharp down weeks, which he took as evidence that institutions remain “the marginal buyer” and are likely to keep entering the market. Related Reading: Bitcoin Prints Fifth Straight Red Month; Previous Streak Was Followed By 300% Surge Hougan drew a distinction between crypto-native sentiment and the way wealth managers, RIAs and larger institutions frame the asset. Retail, he said, has slipped into a full bear-market mindset, pointing to the crypto Fear &amp; Greed Index falling to 5. But institutions are operating on a different clock. “These people are making allocations for the next five or 10 years,” he said. “Even if you talk to the most bearish, despairing person on crypto Twitter and you ask them where Bitcoin will be in 10 years, they’re going to be pretty bullish.” That helps explain why falling prices are not necessarily slowing adoption. In many cases, Hougan said, advisors first buy Bitcoin personally, hold it for about a year, then begin allocating to a small group of clients before scaling up. “Typically what they do is they take their first 10 clients who have been asking them relentlessly about crypto for the last 10 years and they allocate on their behalf,” he said. “The big game comes when they go from 10 to 100.” Related Reading: Bitcoin Sentiment On Wall Street Has Turned Negative, Galaxy’s Thorn Says The distribution channels are also opening wider. Hougan said that, as of Q4, three of the four major wire houses can now proactively discuss Bitcoin with clients, while the fourth is expected to follow. Still, he estimated that roughly 20% to 25% of wealth managers remain closed to crypto exposure, underscoring that institutional access is still being rolled out rather than fully saturated. For Hougan, that is why the market may be underestimating what comes next. “Eventually Bitcoin ETFs, I think, will at some point have a trillion dollars of assets in them,” he said. “They’re not going to go down from here. It just takes time.” He was equally emphatic that this cycle feels different from prior drawdowns. “In previous bear markets, in FTX, the bear market felt existential,” Hougan said. “This winter doesn’t feel like that. Most people look at this as an attractive entry point. They don’t see death and despair. They see the world getting more digital, they see rising concern about fiat currency, they see a four-year cycle that would naturally mean we have a pullback.” If that view holds, the current drawdown may matter less as a test of conviction than as a transfer point: from fast-moving retail traders to slower, deeper pools of capital that are still early in their allocation process. At press time, BTC traded at $66,360. Featured image created with DALL.E, chart from TradingView.com

Bitcoin Dip Has Institutions Scrambling To Buy, Insider Reveals

A Bitcoin Policy Institute study of 36 AI models found Bitcoin was the top 
monetary choice in 48% of responses, but more than half preferred stablecoins 
for payment scenarios.

AI agents overwhelmingly prefer Bitcoin over fiat in new study

Ethereum price started a fresh increase but failed near $2,080. ETH is now 
correcting gains and might decline further below $1,920. Ethereum started a 
downside correction from the $2,080 zone. The price is trading below $1,950 
and the 100-hourly Simple Moving Average. There is a key rising channel 
forming with support at $1,960 on the hourly chart of ETH/USD (data feed via 
Kraken). The pair could start a fresh decline if it stays below the $2,050 
zone. Ethereum Price Dips To Support Ethereum price attempted a fresh increase 
above the $2,000 resistance, like Bitcoin. ETH price rallied above the $2,020 
and $2,050 resistance levels. The bulls even pumped the price above $2,080. A 
high was formed at $2,089 before there was a downside correction. The price 
dipped below $2,000 and the 50% Fib retracement level of the upward move from 
the $1,835 swing low to the $2,089 high. Ethereum price is now trading above 
$1,960 and the 100-hourly Simple Moving Average. There is also a key rising 
channel forming with support at $1,960 on the hourly chart of ETH/USD. If the 
bulls remain in action above $1,920, the price could attempt another increase. 
Immediate resistance is seen near the $2,020 level. The first key resistance 
is near the $2,050 level. The next major resistance is near the $2,080 level. 
A clear move above the $2,080 resistance might send the price toward the 
$2,120 resistance. An upside break above the $2,120 region might call for more 
gains in the coming days. In the stated case, Ether could rise toward the 
$2,200 resistance zone or even $2,220 in the near term. Downside Break In ETH? 
If Ethereum fails to clear the $2,050 resistance, it could start a fresh 
decline. Initial support on the downside is near the $1,960 level. The first 
major support sits near the $1,932 zone or the 61.8% Fib retracement level of 
the upward move from the $1,835 swing low to the $2,089 high. A clear move 
below the $1,932 support might push the price toward the $1,895 support. Any 
more losses might send the price toward the $1,850 region. The main support 
could be $1,820. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
below the 50 zone. Major Support Level – $1,932 Major Resistance Level – 
$2,050

Ethereum Price Stuck Under $2,050, Bulls Seek Recovery Catalyst

Escalating U.S.-Iran tensions and widening geopolitical rifts are driving 
central banks to reassess gold reserves, with the World Gold Council signaling 
that deepening global conflict risks will anchor official demand through 2026. 
Central Banks Recalibrate Gold Buying as Geopolitical Risks Intensify Central 
bank gold buying moderated at the start of the year, the World Gold […]

Central Bank Gold Buying Slows as Iran Escalation Shapes Reserve Strategy

Bitcoin price started a decent increase above $68,500 but failed at $70,000. 
BTC is now consolidating and might aim for more gains above $68,800. Bitcoin 
started a fresh increase after it settled above the $68,000 support. The price 
is trading above $68,000 and the 100 hourly simple moving average. There is a 
contracting triangle forming with resistance at $68,400 on the hourly chart of 
the BTC/USD pair (data feed from Kraken). The pair might dip again if it 
trades below the $67,000 and $66,550 levels. Bitcoin Price Corrects Lower From 
$70,000 Bitcoin price managed to form a base above the $66,500 zone. BTC 
started a fresh increase and was able to surpass the $67,400 resistance zone. 
The price even rallied above the $68,800 resistance. Finally, the bears 
appeared near $70,000. A high was formed at $70,100, and the price recently 
corrected some gains. There was a move below $68,000, and the price tested the 
50% Fib retracement level of the upward move from the $63,030 swing low to the 
$70,100 high. Bitcoin is now trading above $68,000 and the 100 hourly simple 
moving average. If the price remains stable above $67,400, it could attempt a 
fresh increase. Immediate resistance is near the $68,500 level. There is also 
a contracting triangle forming with resistance at $68,400 on the hourly chart 
of the BTC/USD pair. The first key resistance is near the $69,550 level. A 
close above the $69,550 resistance might send the price further higher. In the 
stated case, the price could rise and test the $70,000 resistance. Any more 
gains might send the price toward the $70,500 level. The next barrier for the 
bulls could be $70,850 and $71,200. Downside Break In BTC? If Bitcoin fails to 
rise above the $68,800 resistance zone, it could start another decline. 
Immediate support is near the $67,400 level. The first major support is near 
the $66,550 level. The next support is now near the $65,000 zone. Any more 
losses might send the price toward the $64,700 support in the near term. The 
main support now sits at $63,000, below which BTC might struggle to recover in 
the near term. Technical indicators: Hourly MACD – The MACD is now losing pace 
in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for 
BTC/USD is now above the 50 level. Major Support Levels – $67,400, followed by 
$66,550. Major Resistance Levels – $68,800 and $70,000.

Cryptocurrency price in HUF