Bitcoin is approaching the end of a six-month correction, according to Bitwise CIO Matt Hougan. Trading at approximately $92,000, Bitcoin has fallen over 25% from its October peak. Hougan noted that Bitwise underestimated the selling pressure at the $100,000 mark and the influence of the four-year cycle narrative. Despite the downturn, he remains optimistic, highlighting potential catalysts such as Bitcoin ETF access through Vanguard and Bank of America, and the Federal Reserve's anticipated end to quantitative tightening.