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 <p>Bitcoin’s most brutal crashes could be a thing of the past, <a href="https://www.cnbc.com/video/2026/04/01/watch-cnbcs-full-interview-with-ark-invest-ceo-and-cio-cathie-wood.html" rel="noopener noreferrer nofollow"><span>according</span></a> to ARK Invest CEO Cathie Wood, as the cryptocurrency market moves through another bearish phase.</p>
 <p>Wood argues that Bitcoin is no longer an experimental technology but a maturing asset class. That evolution, she says, is fundamentally changing how the market behaves during downturns.</p>
 <p>In a recent interview, she noted that even a 50% drop is now viewed differently. In earlier cycles, declines of 85% to 95% were common and widely accepted as part of Bitcoin’s volatility. Today, such extreme losses may no longer define the market.</p>
 <p>“If it's a 50% decline, that would be considered a victory,” Wood said, pointing to Bitcoin’s growing role as a monetary system and established financial asset.</p>
 <h2 id="a-different-kind-of-bear-market-is-emerging">A Different Kind of Bear Market Is Emerging</h2>
 <p>Recent <a href="https://studio.glassnode.com/charts/market.PriceDrawdownRelative" rel="noopener noreferrer nofollow"><span>Glassnode data</span></a> suggests that this shift may already be underway.</p>
 <p>After peaking near $69,000 in 2021, Bitcoin fell nearly 80% to around $15,600, a move consistent with past cycles. But the current downturn looks different.</p>
 <p>Since reaching approximately $126,200 in October 2025, Bitcoin has declined by about 52%. While still significant, the drop is notably smaller than historical norms.</p>
 <p>Analysts are beginning to adjust expectations. Some now estimate that the maximum correction in this cycle could land near 72%, implying a potential bottom around $34,000. That’s lower than the widely anticipated $40,000 to $50,000 range, but still far from the extreme collapses of the past.</p>
 <h3 id="april-could-mark-a-turning-point">April Could Mark a Turning Point</h3>
 <p>Seasonal patterns are also drawing attention.</p>
 <p>Historically, April has often marked the beginning of recovery phases during Bitcoin bear markets. This trend doesn’t guarantee a reversal, but it adds context to the current cycle.</p>
 <p>March already showed signs of stabilization, with a modest 1.8% gain breaking a five-month losing streak. While subtle, this shift hints that selling pressure may be easing.</p>
 <h2 id="what-s-really-changing-behind-the-scenes">What’s Really Changing Behind the Scenes</h2>
 <p>The deeper transformation may lie in who holds Bitcoin, and how they hold it.</p>
 <p>A growing share of long-term investors and institutional players is reshaping market dynamics. These participants tend to move more slowly, adding inertia to price action and reducing extreme volatility.</p>
 <p>Similar transitions have occurred before. Gold became less volatile after the end of the gold standard, and U.S. equities stabilized as passive investing expanded.</p>
 <p>Bitcoin may now be entering a comparable phase, moving away from sharp boom-and-bust cycles toward slower, more sustained market movements.</p>
 <p>If that trend continues, the future of Bitcoin may not be defined by dramatic crashes, but by a more stable, and potentially more predictable, evolution.</p>
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Bitcoin’s Worst Crashes Could Be Over, But There’s A Catch: Cathie Wood

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Coinpaper.com

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