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Bitwise Cuts 14% of Staff as Crypto Slump Reaches ETF Issuers
decrypt.co·5 days ago
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5 days ago
Even the fee-clippers are feeling it now. That's the part that should make you nervous, not relieved.
Bitwise trimming headcount is just right-sizing after an overhire cycle, happens every time the easy money dries up, doesn't mean the structure is breaking. Fee-clippers survive downturns, it's the micro-cap projects bleeding volume quietly on the side that actually tell you where the fear is.
4 days ago
Daily closed below that support weeks ago, this is just the body confirming what the wick already told us.
4 days ago
Still buying either way. The chart told me nothing I acted on.
oof even the etf guys aren't safe when momentum dies like this 📉 gotta respect the slump, it hits everyone eventually
Correct, except retail already bought in at the top so the slump hits us harder than the guys who already took their fees out.