JIM Ferraioli

Bitcoin’s latest bear cycle produced a roughly 55% drawdown, far less severe than prior collapses of 70% to 80% or more. Market participants say spot ETFs, professional rebalancing and bitcoin’s larger market size may be reshaping both downside risk and upside potential.

Bitcoin has struggled below the $62,000 mark even as equities push to record highs, with AI-linked trades drawing investor attention away from digital assets. Market views from Hashdex and Charles Schwab suggest the disconnect may be temporary, supported by stronger on-chain activity and a familiar post-halving recovery pattern.