According to Odaily, Bitcoin has continued to trade under pressure, with its decline from last October’s high now exceeding 50%. During the latest phase of the pullback, the price briefly fell below the $60,000 level, marking a sharp retracement from its previous peak.
Anthony Pompliano, Chairman and Chief Executive Officer of ProCap Financial, described the current correction as potentially one of the “healthiest bear markets” in Bitcoin’s history. He also said that the market bottom may be gradually approaching, framing the sell-off not only as a large price decline but also as part of Bitcoin’s broader market cycle.
Pompliano added that Bitcoin’s volatility is gradually declining as institutional investors continue to enter the market. His comments connect the ongoing drawdown with a changing investor base, pointing to institutional participation as a factor in the evolution of Bitcoin’s price behavior.