Woofun AI reports that Bitwise Chief Investment Officer Matt Hougan identifies signs of a crypto market bottom, noting Bitcoin's 9% rise since July 1 against a 6% Nasdaq decline. Positive ETF flows and improved sentiment support this view. Hougan forecasts the next bull market will stem from integrating on-chain and traditional finance, highlighting stablecoins, tokenization, 24/7 trading, instant settlement, and institutional DeFi. He points to crypto-native applications like Hyperliquid (HYPE), which rose 146% this year with a strong buyback model, and traditional institutions like Robinhood, whose Layer2 blockchain attracted over $300 million in deposits within two weeks. Mainstream assets including Bitcoin, Ethereum, and Solana, along with crypto stocks and institutions such as BlackRock, remain key focus areas.