According to CoinMeta, Matt Hogan, the Chief Investment Officer of Bitwise, stated that negative news such as Michael Saylor selling Bitcoin and the decreased probability of the Clarity bill passing no longer caused significant declines in Bitcoin prices, which indicates that the bear market may have hit bottom. He expects that by the end of this year, the crypto market will see a turnaround, with the next wave of buyers coming from large wealth management platforms, and the market will become more institutionalized.