Bitwise CIO: The current crypto market resembles mid-2018, with a prolonged period of low activity likely ahead

BlockBeats news, November 15: Matt Hougan, Chief Investment Officer at Bitwise, posted that the current crypto market reminds him of mid-2018—low industry morale and many participants choosing to exit. He believes the market still needs to digest the midterm election results, the Binance incident, and the long-term impact of tightening monetary policy, so a sluggish trend may persist for some time. A major buying opportunity will eventually emerge, but it's hard to predict when.