Bitcoin’s bear markets are getting milder. The bull markets may be next
Summary
Bitcoin’s latest bear-market decline, about 55% from its October 2025 peak, was milder than earlier drops of 75% or more. Analysts say spot ETFs and professional investors may dampen swings: portfolio rebalancing can support prices after declines while limiting rallies. Others argue bitcoin’s larger market capitalization, rather than institutional ownership, makes extreme gains harder. Long-term holders and limited liquid supply may also reduce selling. Bitcoin’s volatility has declined alongside its returns, though adoption by financial advisers remains gradual. Analysts expect maturation to bring shallower downturns and less explosive bull markets.
