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Hougan: 'Crypto Spring' — Nearly Every Bitwise Metric Spiked in Q3

2026-10-14

Matt Hougan of Bitwise says the third-quarter charts point to a 'crypto spring.' Cointelegraph published his comments on Oct 14, 2026. The article was written by Felix Ng and edited by Yohan Yun.

Hougan's main point is that almost all of the fundamental indicators Bitwise follows rose sharply. He describes the move as broad, not limited to one or two measures.

The report does not say which indicators these are or how much each one rose. It also gives no figures for the size of the increases. Without that data, readers cannot check how strong the claim is.

For someone who already holds a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The article contains no data on funding rates, trading fees or order-book liquidity on any exchange. It is one firm's reading of last quarter's fundamentals, and the cost of holding a position stays the same unless those figures move.

Source: cointelegraph — Bitwise’s Hougan says Q3 charts point to ‘crypto spring’

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