{"id":61039,"date":"2025-11-29T17:46:46","date_gmt":"2025-11-29T17:46:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=61039"},"modified":"2025-11-29T17:46:46","modified_gmt":"2025-11-29T17:46:46","slug":"bitcoin-investors-are-not-remotely-bullish-enough-bitwise-researcher","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=61039","title":{"rendered":"Bitcoin Investors Are Not \u2018Remotely Bullish Enough\u2019 \u2014 Bitwise Researcher"},"content":{"rendered":"
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The price performance of Bitcoin in the final quarter of 2025 has been a major source of worry for the crypto crowd \u2014 and rightly so. At some point in the past few weeks, the premier cryptocurrency looked set to end the year deep in the red zone.<\/p>\n

Over the past week, the Bitcoin price has shown signs of a healthy recovery<\/a>, having reclaimed the significant $90,000 support level. According to a crypto expert, the market leader may be performing better than the charts currently indicate.<\/p>\n

What Has BTC Priced In Already?<\/b><\/h2>\n

In a November 28 post on the social media platform X, Bitwise\u2019s European Head of Research, Andre Dragosch, provided<\/a> an answer to the \u201cwhat is priced in already?\u201d question being constantly faced by Bitcoin investors.\u00a0<\/p>\n

According to the macro analyst, the flagship cryptocurrency is pricing in the most bearish global growth outlook since 2022 (marked by Federal Reserve tightening and FTX\u2019s collapse) and 2020 (during the depths of the Covid-19 pandemic).<\/p>\n

Dragosch revealed that he was able to determine the level of global growth expectations<\/a> Bitcoin is already pricing in by employing a set of leading macro surveys. \u201cBitcoin is essentially pricing in a recessionary growth environment,\u201d the Bitwise researcher wrote.<\/p>\n

Dragosch added:<\/p>\n

\n

Personally, I tend to be a macro contrarian because Bitcoin can both under- and overshoot the prevailing macro outlook. Pricing of any asset is essentially macro sentiment. This is also where most of the alpha is made, in my view.<\/p>\n<\/blockquote>\n

As earlier mentioned, the last time macro expectations were this pessimistic was in 2020 and 2022 \u2014 with Bitcoin undershooting the macro outlook before making a strong comeback. Dragosch believes that a reenactment of this scenario is currently at play.<\/p>\n

\"Bitcoin\"<\/p>\n

The Bitwise European Head of Research then noted that \u201cglobal growth expectations will accelerate from here, based on the amount of preceding monetary stimulus, which points to a reacceleration well into 2026.\u201d\u00a0<\/p>\n

Dragosch mentioned that the last time there was this asymmetric risk-reward<\/a> was during the pandemic, where the Bitcoin price had surged 6x by year\u2019s end after initially crumbling under the March 2020 shock. This macro setup can be likened to a \u201ccoiled spring or a ball under water.\u2019<\/p>\n

According to the macro analyst, Bitcoin\u2019s current trajectory seems to be taking the form of a \u201ccoiled spring\u201d\u2014meaning its price could be readying for a violent move after a period of compression. Dragosch then concluded his analysis, saying that investors are not even remotely bullish enough.<\/p>\n

Bitcoin Price At A Glance<\/b><\/h2>\n

As of this writing, the price of BTC stands at around $90,880, reflecting no significant movement in the past 24 hours.<\/p>\n

\"Bitcoin\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The price performance of Bitcoin in the final quarter of 2025 has been a major source of worry for the crypto crowd \u2014 and rightly so. At some point in the past few weeks, the premier cryptocurrency looked set to end the year deep in the red zone. Over the past week, the Bitcoin price […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-61039","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/61039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61039"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/61039\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}