Bitcoin’s recent wobble has split analysts. Some warn of a deep pullback while onchain trackers point to a mild correction that could already be ending.
That view implies the potential for a sharp drop — almost 50% from recent peaks — if the current downtrend keeps going. Short, stark statements from established market commentators have pushed concern among some investors.
Readings at this level have historically matched mid-cycle corrections rather than full-blown bear markets. The firm noted losses under a 5% threshold have tended to be orderly revaluations, not panic-driven sell-offs.
Based on reports from ARK Invest, Cathie Wood trimmed her long-term Bitcoin projection by $300,000. She had earlier predicted a $1.5 million top by 2030; the cut implies a new peak target around $1.2 million.
Wood said competition from stablecoins in emerging markets is reducing some demand for Bitcoin as a store of value. The move shows that even long-term bulls are adjusting assumptions as the market shifts.
Market sentiment is being tested by numbers and by narrative. Short-term price swings have been large, but some key onchain indicators remain within ranges that have not signaled extreme stress.
At the same time, notable analysts and venture leaders continue to warn of much deeper retracements. Investors are left to weigh technical patterns, blockchain metrics, and evolving views on demand drivers like stablecoins.
Featured image from Gemini, chart from TradingView
