In a report published on November 15, 2026, at 09:51 UTC+8, Odaily quoted Bitwise chief investment officer Matt Hougan as saying on X that the crypto market felt much like mid-2018, when the industry was fatigued and many people were giving up.
Hougan said the market could remain subdued for some time as it absorbed the longer-term effects of the U.S. election, a Binance-related incident and tighter monetary policy. He said an attractive buying opportunity would eventually arise, but that its timing was difficult to judge.
In Hougan’s view, a DeFi innovation broke the market’s stagnation in 2018; he suggested a similar, unpredictable breakthrough might do so again. This was his assessment of market sentiment, not a reading from a price, liquidity or on-chain indicator.
