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Analysis: Bitcoin has entered a deep bear market phase and may decline another 30% within the year.
Deep Tide TechFlow News, March 7th, according to CoinDesk reports, CK Zheng, founder of crypto hedge fund ZX Squared Capital, stated that Bitcoin has entered a deep bear market phase. As the “four-year cycle” influence intensifies, prices could further decline by about 30% in 2026. Previously, Bitcoin reached a record high of over $126,000 in October 2025, about 16-18 months after the 2024 halving. It has now fallen back to around $68,000. The trend largely follows the four-year cycle centered around halving. Retail investors’ psychological behaviors—buying during market euphoria and selling in panic—have reinforced this bear cycle. Meanwhile, institutional adoption remains limited, with crypto ETFs and digital asset reserve companies accounting for only about 10% of the overall market. In a bear market environment, some companies holding Bitcoin as an asset reserve may be forced to sell assets due to debt repayment pressures, further intensifying market downward pressure.