Matt Hougan, chief investment officer at Bitwise, posted on the X platform that Bitcoin has now gained "value" buyers, and one of the reasons why Bitcoin has had such a sharp pullback in the past is that every time BTC started to pull back, people started to worry that it would fall to $0. Now that fear is gone, and more and more investors are looking for entry points. Of course, the market has not eliminated volatility, but it does believe that it has reduced the severity of the pullback for now.