{"id":74236,"date":"2026-02-27T13:31:31","date_gmt":"2026-02-27T13:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=74236"},"modified":"2026-02-27T13:31:31","modified_gmt":"2026-02-27T13:31:31","slug":"there-is-no-bitcoin-conspiracy-bitwises-matt-hougan-says-reality-is-more-boring","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=74236","title":{"rendered":"There Is No Bitcoin Conspiracy, Bitwise&#8217;s Matt Hougan Says: &#8216;Reality Is More Boring&#8217;"},"content":{"rendered":"<div>\n<p><strong>Bitwise<\/strong> Chief Investment Officer <strong>Matt Hougan<\/strong> dismissed conspiracy theories blaming Jane Street and others for <strong>Bitcoin\u2019s<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) decline, arguing \u201ca bunch of people who were long Bitcoin sold their Bitcoin exposure\u201d as BTC consolidates between key Fibonacci levels.<\/p>\n<h3 class=\"wp-block-heading\">The Boring Reality<\/h3>\n<p>Hougan on X <a href=\"https:\/\/x.com\/Matt_Hougan\/status\/2027107215036059861\">pushed<\/a> back against escalating conspiracy theories targeting different firms each week.\u00a0<\/p>\n<p>\u201cFirst it was Binance and then it was Wintermute and then it was an unknown offshore macro hedge fund and then it was paper bitcoin and today it is Jane Street and next week it will be someone else,\u201d Hougan wrote.<\/p>\n<p>The actual reason is straightforward. People sold Bitcoin via spot, unwound leveraged positions, and wrote calls against their holdings.\u00a0<\/p>\n<p>They sold because of four-year cycle patterns, quantum computing fears, desires to invest in AI startups, and various other reasons.<\/p>\n<p>Hougan argued sellers are mostly done and the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50925260\/there-is-no-bitcoin-conspiracy-bitwises-matt-hougan-says-reality-is-more-boring?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"There\" is no bitcoin conspiracy bitwise matt hougan says: more boring>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise Chief Investment Officer Matt Hougan dismissed conspiracy theories blaming Jane Street and others for Bitcoin\u2019s (CRYPTO: BTC) decline, arguing \u201ca bunch of people who were long Bitcoin sold their Bitcoin exposure\u201d as BTC consolidates between key Fibonacci levels. The Boring Reality Hougan on X pushed back against escalating conspiracy theories targeting different firms each [&hellip;]<\/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-74236","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\/74236","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=74236"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/74236\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}