Hougan wrote:
“I think we’re going to come roaring back sooner rather than later. Heck, it’s been winter since January 2025. Spring is surely coming soon.”
FAQ ⏰ When did Matt Hougan say the crypto winter began? Hougan said the crypto market entered a sustained winter in January 2025. Why does Hougan believe this is a true crypto winter? He cited excess leverage, profit-taking by OGs, falling prices and extreme investor fatigue. How did institutions affect crypto prices in 2025? Institutional ETFs and treasury buying supported certain assets while retail markets collapsed. What signals suggest the crypto winter may be ending? Hougan pointed to late-stage fear, exhaustion and historical patterns that precede recoveries.


















