Bitwise CEO Hunter Horsley called on investors to focus on the broader timeframe rather than short-term price movements amid renewed pressure on the cryptocurrency market. In his evaluations shared on X, Horsley stated that weekly news flow or monthly price changes can only be decisive for those who trade in short-term volatility.
Call for long-term measurement
According to Horsley, when evaluating crypto assets, key indicators such as the level of use, product market fit of on-chain technology, adoption by companies, corporate interest, team quality and implementation skills should come to the fore. Bitwise stands out as an asset management company known for its crypto asset index funds and ETF products.
Horsley argued that the sector should be judged not by weekly headlines or monthly price movements, but by fundamentals such as usage, adoption and implementation strength.
The Bitwise executive compared the development process of the crypto ecosystem to other technology platforms that took years to reach the mainstream. Reminding that SpaceX emerged in 2002, OpenAI in 2015, Bitcoin in 2009, Ethereum in 2015, and Solana in 2018, Horsley said that the public often notices success stories after long construction periods are completed.
Horsley also noted the distinction between investor and trader. He stated that a belief in the developments that will occur in the next 12 months is closer to a short-term transaction approach than a long-term investment approach. He emphasized that both methods can be valid, but the time horizon and risk framework are different.
Support zone and stock market entries are monitored in Bitcoin
These statements came at a time when Bitcoin was trying to find support between 60 thousand and 62 thousand dollars after falling below 64 thousand dollars. The decrease from 64 thousand dollars to 60 thousand dollars corresponds to a loss of approximately 6.25%, and the decrease to 62 thousand dollars corresponds to a loss of approximately 3.13%.
Another topic that the market paid attention to was the transfers from medium-term Bitcoin investors to the stock exchanges. On-chain data showed that exchange inflows increased for coins held for 3 to 6 months and 6 to 12 months. The transfer of coins that have remained dormant for months to the exchanges is monitored by some analysts in terms of possible sales preparation or collateral use.
Mini dictionary: Exchange inflow refers to the transfer of coins from personal wallets to exchanges. This action alone does not constitute a sale; However, if it is repeated during periods of decline, it may indicate that supply pressure in the market is increasing.
The movement of older coins onto exchanges alone does not confirm selling pressure, but repeated entries as the price declines may indicate weakening investor confidence.
In the short term, the region between 60 thousand and 62 thousand dollars continues to be decisive in Bitcoin’s market structure. It is evaluated that stronger purchasing, lower selling pressure and improvement in spot demand are required for a permanent recovery.
Liquidity shifts to AI and big tech transactions
It was also reported that some participants in the market reduced their positions in crypto assets. It was stated that Trader Eugene largely closed his crypto positions and turned to US stocks, considering that the risk-return balance in digital assets had weakened. In the same evaluation, a negative opinion was shared with Strategy about Michael Saylor due to the high correlation with Bitcoin.
Michael Saylor, on the other hand, linked the crypto weakness in June 2026 to the movement of capital towards artificial intelligence infrastructure and large technology IPOs. According to this view, approximately $400 billion of capital has been absorbed in the last six months for investments in data centers, GPU chips and connected infrastructure.
In the same context, the SpaceX public offering, which is planned to be traded on Nasdaq under the code SPCX on Friday, June 12, was also cited as a development that could increase liquidity demand. According to the plan, the company aims to raise $75 billion by selling 555.6 million shares at $135. With this calculation, the company’s value is approximately 1.77 trillion dollars. According to CoinCodex data, the one-month forecast for SPAX was $ 126.40 and the three-month forecast was $ 132.86.
