{"id":3906,"date":"2026-02-04T07:30:00","date_gmt":"2026-02-04T04:30:00","guid":{"rendered":"https:\/\/iqx.io\/blog\/?p=3906"},"modified":"2026-02-04T07:30:23","modified_gmt":"2026-02-04T04:30:23","slug":"analysis-bitwise-says-crypto-winter-near-end","status":"publish","type":"post","link":"https:\/\/iqx.io\/blog\/analysis-bitwise-says-crypto-winter-near-end\/","title":{"rendered":"\u0645\u0641\u0627\u062c\u0623\u0629 \u0645\u0646 Bitwise: \u0634\u062a\u0627\u0621 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u064a\u0642\u062a\u0631\u0628 \u0645\u0646 \u0646\u0647\u0627\u064a\u062a\u0647"},"content":{"rendered":"<p data-path-to-node=\"1\">\u064a\u0648\u0627\u062c\u0647 \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u062d\u0627\u0644\u064a\u0627\u064b \u0636\u063a\u0648\u0637\u0627\u064b \u0628\u064a\u0639\u064a\u0629 \u0645\u0643\u062b\u0641\u0629 \u0623\u062b\u0627\u0631\u062a \u0642\u0644\u0642 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u0631\u0649 \u0645\u0627\u062a \u0647\u0648\u062c\u0627\u0646 \u0623\u0646 \u0646\u0647\u0627\u064a\u0629 &#8220;\u0634\u062a\u0627\u0621 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629&#8221; \u0628\u0627\u062a\u062a \u0648\u0634\u064a\u0643\u0629. \u062d\u064a\u062b \u0625\u0646\u0651\u064e \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0641\u0646\u064a\u0629 \u0628\u062f\u0623\u062a \u062a\u0639\u0643\u0633 \u0645\u0644\u0627\u0645\u062d \u0642\u0627\u0639 \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u062d\u0627\u0644\u064a\u0629. \u0639\u0644\u0627\u0648\u0629\u064b \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u062d\u062c\u0628\u062a \u062a\u062f\u0641\u0642\u0627\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0640 ETF \u062d\u0642\u064a\u0642\u0629 \u0627\u0644\u0631\u0643\u0648\u062f \u0644\u0641\u062a\u0631\u0629 \u0645\u0646 \u0627\u0644\u0648\u0642\u062a. \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u064a\u062a\u0648\u0642\u0639 \u0627\u0644\u062e\u0628\u0631\u0627\u0621 \u062a\u062f\u0648\u064a\u0631 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0646\u062d\u0648 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u0642\u0631\u064a\u0628\u0627\u064b. \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a\u060c \u0642\u062f \u0646\u0643\u0648\u0646 \u0639\u0644\u0649 \u0623\u0639\u062a\u0627\u0628 \u0645\u0631\u062d\u0644\u0629 \u0635\u0639\u0648\u062f\u064a\u0629 \u062c\u062f\u064a\u062f\u0629 \u0648\u0645\u0641\u0627\u062c\u0626\u0629 \u0644\u0644\u0623\u0633\u0648\u0627\u0642.<\/p>\n<p>\u0646\u0642\u0644\u0627\u064b \u0639\u0646 \u0645\u0648\u0642\u0639 <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-crypto-winter-soon-over-bitwise-exec-gold-retargets-5k\" target=\"_blank\" rel=\"noopener\">cointelegraph<\/a>\u060c \u0639\u0627\u062f \u0628\u064a\u062a\u0643\u0648\u064a\u0646 (BTC) \u0625\u0644\u0649 \u0627\u0644\u062a\u062d\u0631\u0643 \u0636\u0645\u0646 \u0646\u0637\u0627\u0642 \u0636\u064a\u0642 \u064a\u0648\u0645 \u0627\u0644\u062b\u0644\u0627\u062b\u0627\u0621\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0642\u062a\u0631\u0628 \u0627\u0644\u0630\u0647\u0628 \u0645\u062c\u062f\u062f\u064b\u0627 \u0645\u0646 \u0645\u0633\u062a\u0648\u0649 5,000 \u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0631\u0626\u064a\u0633\u064a.<\/p>\n<p><strong>\u0627\u0644\u0646\u0642\u0627\u0637 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629:<\/strong><\/p>\n<ul>\n<li>\u062a\u062f\u0627\u0648\u0644 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0628\u0634\u0643\u0644 \u062c\u0627\u0646\u0628\u064a\u060c \u0641\u064a \u0648\u0642\u062a \u062a\u062d\u0627\u0648\u0644 \u0641\u064a\u0647 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0630\u0647\u0628 \u0648\u0627\u0644\u0641\u0636\u0629 \u062a\u0639\u0648\u064a\u0636 \u062e\u0633\u0627\u0626\u0631\u0647\u0627 \u0627\u0644\u0633\u0627\u0628\u0642\u0629.<\/li>\n<li>\u0644\u0627 \u064a\u0632\u0627\u0644 \u0627\u0644\u0645\u062d\u0644\u0644\u0648\u0646 \u0645\u0646\u0642\u0633\u0645\u064a\u0646 \u0628\u0634\u0623\u0646 \u0643\u064a\u0641\u064a\u0629 \u062a\u0637\u0648\u0631 \u0627\u0644\u0639\u0644\u0627\u0642\u0629 \u0628\u064a\u0646 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0648\u0627\u0644\u0630\u0647\u0628 \u062e\u0644\u0627\u0644 \u0627\u0644\u0641\u062a\u0631\u0629 \u0627\u0644\u0645\u0642\u0628\u0644\u0629.<\/li>\n<li>\u064a\u0631\u0649 \u0627\u0644\u0631\u0626\u064a\u0633 \u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a Bitwise \u0623\u0646 \u00ab\u0634\u062a\u0627\u0621 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0634\u0641\u0631\u0629\u00bb \u0627\u0644\u0623\u062e\u064a\u0631 \u064a\u0642\u062a\u0631\u0628 \u0645\u0646 \u0646\u0647\u0627\u064a\u062a\u0647.<\/li>\n<\/ul>\n<h2 data-start=\"0\" data-end=\"84\"><\/h2>\n<h2 data-start=\"0\" data-end=\"84\">\u0644\u0627 \u064a\u0632\u0627\u0644 \u0633\u0639\u0631 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0628\u0639\u064a\u062f\u064b\u0627 \u0639\u0646 \u0645\u0633\u062a\u0648\u0649 80,000 \u062f\u0648\u0644\u0627\u0631<\/h2>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-WEB:b9b14da6-39b6-4285-98d9-4437f7fdcf04-2\" data-testid=\"conversation-turn-6\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"b062c357-3b8b-4fdd-9828-2115d95510d3\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<p data-path-to-node=\"2\">\u00a0\u0643\u0634\u0641\u062a \u0628\u064a\u0627\u0646\u0627\u062a \u0645\u0646\u0635\u0629 TradingView \u0639\u0646 \u062a\u0631\u0627\u062c\u0639 \u0641\u064a \u062d\u0631\u0643\u0629 \u0633\u0639\u0631 BTC \u0628\u0639\u064a\u062f\u0627\u064b \u0639\u0646 \u0645\u0633\u062a\u0648\u0649 80,000 \u062f\u0648\u0644\u0627\u0631\u060c \u062d\u064a\u062b \u064a\u0628\u0631\u0632 \u0647\u0630\u0627 \u0627\u0644\u0645\u0633\u062a\u0648\u0649 \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0631\u0627\u0647\u0646 \u0643\u0645\u0642\u0627\u0648\u0645\u0629 \u0642\u0648\u064a\u0629 \u062a\u0642\u0641 \u0623\u0645\u0627\u0645 \u0623\u064a \u0627\u0646\u062f\u0641\u0627\u0639\u0629 \u0635\u0639\u0648\u062f\u064a\u0629 \u062c\u062f\u064a\u062f\u0629.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\"><\/div>\n<figure>\n<figure class=\"wp-block-image\"><img decoding=\"async\" title=\"\" src=\"https:\/\/iqx.io\/blog\/wp-content\/\/uploads\/2026\/02\/featured-21.png\" alt=\"\" \/><\/figure><figcaption style=\"text-align: center;\"><em>\u0645\u062e\u0637\u0637 BTC\/USD \u0644\u0633\u0627\u0639\u0629 \u0648\u0627\u062d\u062f\u0629. \u0627\u0644\u0645\u0635\u062f\u0631: \u0643\u0648\u064a\u0646\u062a\u064a\u0644\u064a\u063a\u0631\u0627\u0641\/\u062a\u0631\u064a\u062f\u064a\u0646\u063a \u0641\u064a\u0648<\/em><\/figcaption><\/figure>\n<p data-start=\"0\" data-end=\"179\">\u0623\u0638\u0647\u0631 \u0632\u0648\u062c BTC\/USD \u062a\u0642\u0644\u0628\u064b\u0627 \u0645\u0623\u0644\u0648\u0641\u064b\u0627 \u062e\u0644\u0627\u0644 \u0630\u0644\u0643 \u0627\u0644\u064a\u0648\u0645\u060c \u0645\u0627 \u0623\u0639\u0627\u062f\u0647 \u0625\u0644\u0649 \u0645\u0633\u0627\u0631 \u0645\u063a\u0627\u064a\u0631 \u0644\u0644\u0645\u0639\u0627\u062f\u0646 \u0627\u0644\u062b\u0645\u064a\u0646\u0629. \u0641\u064a \u0627\u0644\u0645\u0642\u0627\u0628\u0644\u060c \u0643\u0627\u0646\u062a \u0647\u0630\u0647 \u0627\u0644\u0645\u0639\u0627\u062f\u0646 \u062a\u062d\u0627\u0648\u0644 \u0628\u0646\u0634\u0627\u0637 \u062a\u0639\u0648\u064a\u0636 \u062c\u0632\u0621 \u0645\u0646 \u062e\u0633\u0627\u0626\u0631\u0647\u0627 \u0627\u0644\u0643\u0628\u064a\u0631\u0629 \u062e\u0644\u0627\u0644 \u0627\u0644\u0623\u064a\u0627\u0645 \u0627\u0644\u0645\u0627\u0636\u064a\u0629.<\/p>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-WEB:b9b14da6-39b6-4285-98d9-4437f7fdcf04-3\" data-testid=\"conversation-turn-8\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"972f42fb-7892-4ad3-91d2-a94c8679f8f0\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<p data-start=\"181\" data-end=\"361\" data-is-last-node=\"\" data-is-only-node=\"\">\u0641\u064a \u0627\u0644\u0633\u064a\u0627\u0642 \u0630\u0627\u062a\u0647\u060c \u0627\u0631\u062a\u062f \u0633\u0639\u0631 XAU\/USD (\u0632\u0648\u062c \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0630\u0647\u0628 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a) \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u0649 4,971 \u062f\u0648\u0644\u0627\u0631\u064b\u0627. \u0648\u064a\u0645\u062b\u0644 \u0630\u0644\u0643 \u0627\u0631\u062a\u0641\u0627\u0639\u064b\u0627 \u0628\u0623\u0643\u062b\u0631 \u0645\u0646 500 \u062f\u0648\u0644\u0627\u0631 \u0645\u0642\u0627\u0631\u0646\u0629\u064b \u0628\u0623\u062f\u0646\u0649 \u0645\u0633\u062a\u0648\u0649 \u0645\u062d\u0644\u064a \u0633\u064f\u062c\u0651\u0644 \u064a\u0648\u0645 \u0627\u0644\u0627\u062b\u0646\u064a\u0646.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<figure>\n<figure class=\"wp-block-image\"><img decoding=\"async\" title=\"\" src=\"https:\/\/iqx.io\/blog\/wp-content\/\/uploads\/2026\/02\/featured-21.png\" alt=\"\" \/><\/figure><figcaption style=\"text-align: center;\"><em>\u0645\u062e\u0637\u0637 XAU\/USD \u0644\u0633\u0627\u0639\u0629 \u0648\u0627\u062d\u062f\u0629. \u0627\u0644\u0645\u0635\u062f\u0631: \u0643\u0648\u064a\u0646\u062a\u064a\u0644\u064a\u063a\u0631\u0627\u0641\/\u062a\u0631\u064a\u062f\u064a\u0646\u063a \u0641\u064a\u0648<\/em><\/figcaption><\/figure>\n<h2 data-start=\"0\" data-end=\"45\">\u062a\u0641\u0627\u0639\u0644 \u062a\u0627\u0631\u064a\u062e\u064a \u0628\u064a\u0646 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0648\u0645\u0648\u062c\u0627\u062a \u0635\u0639\u0648\u062f \u0627\u0644\u0630\u0647\u0628<\/h2>\n<p data-path-to-node=\"2\">\u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u0630\u0647\u0628 \u0625\u0644\u0649 \u0645\u0627 \u064a\u0642\u0631\u0628 \u0645\u0646 71 \u062f\u0648\u0644\u0627\u0631\u064b\u0627 \u0639\u0642\u0628 \u0625\u063a\u0644\u0627\u0642 \u0634\u0645\u0639\u0629 \u064a\u0646\u0627\u064a\u0631 \u0627\u0644\u0634\u0647\u0631\u064a\u0629\u061b \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0641\u0642\u062f \u0643\u0627\u0646 \u064a\u062a\u062f\u0627\u0648\u0644 \u0628\u0627\u0631\u062a\u0641\u0627\u0639 \u064a\u062a\u062c\u0627\u0648\u0632 11% \u062e\u0644\u0627\u0644 \u0627\u0644\u064a\u0648\u0645 \u0648\u0642\u062a \u0643\u062a\u0627\u0628\u0629 \u0647\u0630\u0627 \u0627\u0644\u062a\u0642\u0631\u064a\u0631.<\/p>\n<p data-path-to-node=\"3\">\u0641\u064a \u0627\u0644\u0645\u0642\u0627\u0628\u0644\u060c \u0638\u0644\u062a \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0634\u062f\u064a\u062f\u0629 \u0627\u0644\u062d\u0633\u0627\u0633\u064a\u0629 \u0644\u062a\u0642\u0627\u0631\u064a\u0631 \u0627\u0644\u0623\u0631\u0628\u0627\u062d\u060c \u062d\u064a\u062b \u0623\u062f\u0649 \u062a\u062c\u0627\u0648\u0632 \u0634\u0631\u0643\u0629 \u0628\u0627\u064a \u0628\u0627\u0644 \u0644\u0644\u062a\u0648\u0642\u0639\u0627\u062a \u0625\u0644\u0649 \u0647\u0628\u0648\u0637 \u0633\u0639\u0631 \u0633\u0647\u0645\u0647\u0627 \u0628\u0646\u062d\u0648 20% \u062a\u0642\u0631\u064a\u0628\u064b\u0627.<\/p>\n<p data-path-to-node=\"4\">\u0648\u0641\u064a \u0636\u0648\u0621 \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0644\u0644\u0645\u0634\u0647\u062f\u060c \u0631\u0627\u0647\u0646\u062a \u062a\u0648\u0642\u0639\u0627\u062a \u0633\u0639\u0631 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0639\u0644\u0649 \u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u062a\u0641\u0627\u0639\u0644 \u0627\u0644\u062a\u0627\u0631\u064a\u062e\u064a \u0645\u0639 \u0645\u0631\u0627\u062d\u0644 \u0635\u0639\u0648\u062f \u0627\u0644\u0630\u0647\u0628.<\/p>\n<p data-path-to-node=\"5\">\u0645\u0646 \u062c\u0627\u0646\u0628\u0647\u060c \u0643\u062a\u0628 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 &#8220;\u062c\u064a\u0644\u064a&#8221; \u0641\u064a \u0645\u0646\u0634\u0648\u0631 \u0644\u0647 \u0639\u0628\u0631 \u0645\u0646\u0635\u0629 X: \u00ab\u062a\u0627\u0631\u064a\u062e\u064a\u064b\u0627\u060c \u064a\u062a\u0646\u0627\u0648\u0628 \u0627\u0644\u0630\u0647\u0628 \u0648\u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0641\u064a \u0627\u0644\u0635\u0639\u0648\u062f\u060c \u0648\u0628\u0645\u0627 \u0623\u0646 \u0627\u0644\u0630\u0647\u0628 \u0642\u062f \u062a\u0635\u062f\u0651\u0631 \u0627\u0644\u0645\u0634\u0647\u062f \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0640 14 \u0634\u0647\u0631\u064b\u0627 \u0627\u0644\u0645\u0627\u0636\u064a\u0629\u060c \u0641\u0625\u0646 \u0647\u0630\u0627 \u0647\u0648 \u0627\u0644\u062a\u0648\u0642\u064a\u062a \u0627\u0644\u0630\u064a \u0639\u0627\u062f\u0629\u064b \u0645\u0627 \u062a\u0633\u062a\u062d\u0648\u0630 \u0641\u064a\u0647 \u0631\u0648\u0627\u064a\u0629 &#8220;\u0627\u0644\u0630\u0647\u0628 \u0627\u0644\u0631\u0642\u0645\u064a&#8221; \u0639\u0644\u0649 \u0632\u0645\u0627\u0645 \u0627\u0644\u0623\u0645\u0648\u0631\u00bb.<\/p>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-WEB:b9b14da6-39b6-4285-98d9-4437f7fdcf04-7\" data-testid=\"conversation-turn-16\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"mt-3 w-full empty:hidden\">\n<div class=\"text-center\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\"><\/div>\n<figure>\n<figure class=\"wp-block-image\"><img decoding=\"async\" title=\"\" src=\"https:\/\/iqx.io\/blog\/wp-content\/\/uploads\/2026\/02\/featured-20-scaled.jpg\" alt=\"\" \/><\/figure><figcaption style=\"text-align: center;\"><em>\u0645\u062e\u0637\u0637 BTC\/XAU. \u0627\u0644\u0645\u0635\u062f\u0631: \u062c\u064a\u0644\u064a\/X<\/em><\/figcaption><\/figure>\n<p data-start=\"0\" data-end=\"162\">\u0641\u064a \u0627\u0644\u0645\u0642\u0627\u0628\u0644\u060c \u0644\u0645 \u064a\u0642\u062a\u0646\u0639 \u0622\u062e\u0631\u0648\u0646 \u0628\u0647\u0630\u0627 \u0627\u0644\u0637\u0631\u062d \u0639\u0644\u0649 \u0627\u0644\u0625\u0637\u0644\u0627\u0642\u060c \u0645\u0646 \u0628\u064a\u0646\u0647\u0645 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0648\u0627\u0644\u0645\u062d\u0644\u0644 \u0646\u0648\u0631\u062b \u0633\u062a\u0627\u0631. \u0625\u0630 \u062a\u0648\u0642\u0651\u0639 \u0623\u0646 \u064a\u0641\u0642\u062f \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0646\u062d\u0648 80% \u0645\u0646 \u0642\u064a\u0645\u062a\u0647 \u0645\u0642\u0648\u0651\u0645\u064b\u0627 \u0628\u0627\u0644\u0630\u0647\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u062f\u0649 \u0627\u0644\u0637\u0648\u064a\u0644.<\/p>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-WEB:b9b14da6-39b6-4285-98d9-4437f7fdcf04-9\" data-testid=\"conversation-turn-20\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"f0481286-938b-47e8-8e9f-949654d79407\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<p data-path-to-node=\"2\">\u0639\u0644\u0627\u0648\u0629\u064b \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u0642\u0627\u0644 \u0644\u0645\u062a\u0627\u0628\u0639\u064a\u0647 \u0639\u0644\u0649 \u0645\u0646\u0635\u0629 X: \u00ab\u0644\u0627\u062d\u0638 \u0623\u0646 \u0647\u0630\u0647 \u0643\u0627\u0646\u062a \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u0623\u0648\u0644\u0649 \u0627\u0644\u062a\u064a \u0644\u0645 \u064a\u062d\u0642\u0642 \u0641\u064a\u0647\u0627 \u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0642\u0645\u0645\u064b\u0627 \u062c\u062f\u064a\u062f\u0629 \u0643\u0628\u064a\u0631\u0629 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u0630\u0647\u0628\u060c \u0648\u0642\u062f \u064a\u0643\u0648\u0646 \u0627\u0644\u0623\u0633\u0648\u0623 \u0642\u0627\u062f\u0645\u064b\u0627 \u0646\u062a\u064a\u062c\u0629 \u0639\u0645\u0644\u064a\u0629 \u062a\u062f\u0648\u064a\u0631 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644\u00bb.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\"><\/div>\n<figure>\n<figure class=\"wp-block-image\"><img decoding=\"async\" title=\"\" src=\"https:\/\/iqx.io\/blog\/wp-content\/\/uploads\/2026\/02\/featured-21.jpg\" alt=\"\" \/><\/figure><figcaption style=\"text-align: center;\"><em>\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u0630\u0647\u0628. \u0627\u0644\u0645\u0635\u062f\u0631: \u0646\u0648\u0631\u062b \u0633\u062a\u0627\u0631\/X<\/em><\/figcaption><\/figure>\n<h2>\u0627\u0644\u0645\u062f\u064a\u0631 \u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a Bitwise: \u0631\u0628\u064a\u0639 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u00ab\u0623\u0642\u0631\u0628 \u0645\u0645\u0627 \u064a\u062a\u0648\u0642\u0639 \u0643\u062b\u064a\u0631\u0648\u0646\u00bb<\/h2>\n<p data-path-to-node=\"5\">\u0645\u0646 \u062c\u0647\u0629 \u0623\u062e\u0631\u0649\u060c \u0648\u0641\u064a \u0645\u0642\u0627\u0644 \u0646\u0634\u0631\u0647 \u0639\u0644\u0649 \u0645\u0646\u0635\u0629 X \u064a\u0648\u0645 \u0627\u0644\u062b\u0644\u0627\u062b\u0627\u0621\u060c \u0642\u0627\u0645 \u0645\u0627\u062a \u0647\u0648\u062c\u0627\u0646\u060c \u0627\u0644\u0645\u062f\u064a\u0631 \u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a \u0644\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0641\u064a \u0634\u0631\u0643\u0629 Bitwise \u0644\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0623\u0635\u0648\u0644 \u0627\u0644\u0645\u0634\u0641\u0651\u0631\u0629\u060c \u0628\u062a\u062d\u062f\u064a\u062f \u0625\u0637\u0627\u0631 \u0632\u0645\u0646\u064a \u0644\u0646\u0647\u0627\u064a\u0629 \u00ab\u0634\u062a\u0627\u0621 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629\u00bb \u0627\u0644\u062d\u0627\u0644\u064a.<\/p>\n<p data-start=\"172\" data-end=\"234\">\u0648\u0644\u062e\u0651\u0635 \u0645\u0648\u0642\u0641\u0647 \u0642\u0627\u0626\u0644\u064b\u0627: \u00ab\u0625\u0644\u064a\u0643\u0645 \u0627\u0644\u062e\u0628\u0631 \u0627\u0644\u0633\u0627\u0631: \u0646\u062d\u0646 \u0623\u0642\u0631\u0628 \u0645\u0645\u0627 \u062a\u062a\u0635\u0648\u0631\u0648\u0646\u00bb.<\/p>\n<p data-start=\"236\" data-end=\"516\">\u0648\u0623\u0648\u0636\u062d \u0647\u0648\u062c\u0627\u0646 \u0623\u0646 \u0627\u0644\u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u0647\u0628\u0648\u0637\u064a \u0627\u0644\u0623\u062e\u064a\u0631 \u0628\u062f\u0623 \u0641\u0639\u0644\u064a\u064b\u0627 \u0645\u0637\u0644\u0639 \u0639\u0627\u0645 2025. \u0641\u064a \u0627\u0644\u0645\u0642\u0627\u0628\u0644\u060c \u062c\u0639\u0644\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0628\u064a\u062a\u0643\u0648\u064a\u0646 \u0627\u0644\u0641\u0648\u0631\u064a\u0629 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0641\u064a \u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u062c\u0632\u0621\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0645\u0646 \u0627\u0644\u0639\u0627\u0645 \u0627\u0644\u0645\u0627\u0636\u064a \u064a\u0628\u062f\u0648 \u0643\u0623\u0646\u0647 \u0645\u0648\u062c\u0629 \u0635\u0639\u0648\u062f\u064a\u0629.<\/p>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-WEB:b9b14da6-39b6-4285-98d9-4437f7fdcf04-12\" data-testid=\"conversation-turn-26\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"36464fe8-e8ca-4bd5-a1b1-f39be12fee90\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<p data-start=\"0\" data-end=\"230\" data-is-last-node=\"\" data-is-only-node=\"\">\u0648\u0641\u064a \u0627\u0644\u062e\u062a\u0627\u0645\u060c \u0642\u0627\u0644: \u00ab\u0648\u0628\u0635\u0641\u062a\u064a \u0634\u0627\u0647\u062f\u062a \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0634\u062a\u0627\u0621\u0627\u062a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629\u060c \u064a\u0645\u0643\u0646\u0646\u064a \u0627\u0644\u0642\u0648\u0644 \u0625\u0646 \u0646\u0647\u0627\u064a\u062a\u0647\u0627 \u062a\u0628\u062f\u0648 \u062f\u0627\u0626\u0645\u064b\u0627 \u0645\u062a\u0634\u0627\u0628\u0647\u0629: \u064a\u0623\u0633\u060c \u0648\u0636\u064a\u0642\u060c \u0648\u062d\u0627\u0644\u0629 \u0639\u0627\u0645\u0629 \u0645\u0646 \u0627\u0644\u0625\u062d\u0628\u0627\u0637. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0644\u0627 \u064a\u0648\u062c\u062f \u0641\u064a \u0627\u0644\u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u062d\u0627\u0644\u064a \u0644\u0644\u0633\u0648\u0642 \u0645\u0627 \u064a\u063a\u064a\u0651\u0631 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0627\u062a \u0627\u0644\u062c\u0648\u0647\u0631\u064a\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629\u00bb.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-WEB:b9b14da6-39b6-4285-98d9-4437f7fdcf04-13\" data-testid=\"conversation-turn-28\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"f7e363f1-cc74-4e63-a9be-e7f550fa4a20\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\">\n<blockquote>\n<p data-start=\"0\" data-end=\"123\" data-is-last-node=\"\" data-is-only-node=\"\">\u0623\u0639\u062a\u0642\u062f \u0623\u0646\u0646\u0627 \u0633\u0646\u0634\u0647\u062f \u0639\u0648\u062f\u0629 \u0642\u0648\u064a\u0629 \u0639\u0627\u062c\u0644\u064b\u0627 \u0623\u0645 \u0622\u062c\u0644\u064b\u0627. \u0641\u0627\u0644\u0634\u062a\u0627\u0621 \u0645\u0633\u062a\u0645\u0631 \u0628\u0627\u0644\u0641\u0639\u0644 \u0645\u0646\u0630 \u064a\u0646\u0627\u064a\u0631 2025. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u0628\u062f\u0648 \u0623\u0646 \u0627\u0644\u0631\u0628\u064a\u0639 \u0628\u0627\u062a \u0642\u0631\u064a\u0628\u064b\u0627 \u0628\u0644\u0627 \u0634\u0643<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"z-0 flex min-h-[46px] justify-start\"><\/div>\n<div class=\"mt-3 w-full empty:hidden\">\n<div class=\"text-center\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\"><\/div>\n<p>&#8220;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u064a\u0648\u0627\u062c\u0647 \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629 \u062d\u0627\u0644\u064a\u0627\u064b \u0636\u063a\u0648\u0637\u0627\u064b \u0628\u064a\u0639\u064a\u0629 \u0645\u0643\u062b\u0641\u0629 \u0623\u062b\u0627\u0631\u062a \u0642\u0644\u0642 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u0631\u0649 \u0645\u0627\u062a \u0647\u0648\u062c\u0627\u0646 \u0623\u0646 \u0646\u0647\u0627\u064a\u0629 &#8220;\u0634\u062a\u0627\u0621 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629&#8221; \u0628\u0627\u062a\u062a \u0648\u0634\u064a\u0643\u0629. \u062d\u064a\u062b \u0625\u0646\u0651\u064e \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0641\u0646\u064a\u0629 \u0628\u062f\u0623\u062a \u062a\u0639\u0643\u0633 \u0645\u0644\u0627\u0645\u062d \u0642\u0627\u0639 \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u062d\u0627\u0644\u064a\u0629. \u0639\u0644\u0627\u0648\u0629\u064b \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u062d\u062c\u0628\u062a \u062a\u062f\u0641\u0642\u0627\u062a \u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0640 ETF \u062d\u0642\u064a\u0642\u0629 \u0627\u0644\u0631\u0643\u0648\u062f \u0644\u0641\u062a\u0631\u0629 \u0645\u0646 \u0627\u0644\u0648\u0642\u062a. \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u064a\u062a\u0648\u0642\u0639 \u0627\u0644\u062e\u0628\u0631\u0627\u0621 \u062a\u062f\u0648\u064a\u0631 \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0646\u062d\u0648 &hellip;<\/p>\n","protected":false},"author":3,"featured_media":3905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,19],"tags":[],"class_list":["post-3906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u0645\u0641\u0627\u062c\u0623\u0629 \u0645\u0646 Bitwise: \u0634\u062a\u0627\u0621 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\u0646\u0647\u0627\u064a\u062a\u0647\u060c \u0645\u0639 \u0645\u0624\u0634\u0631\u0627\u062a \u062a\u0639\u0627\u0641\u064a \u062a\u062f\u0631\u064a\u062c\u064a \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u062e\u0644\u0627\u0644 \u0627\u0644\u0641\u062a\u0631\u0629 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