Bitcoin continues to be under pressure nearly six months after the October 10th flash crash, which erased millions of dollar in just one day. well below Its recent peak. It reached an all-time high The value of the property, which was $126.080 in October 2006, has dropped by 47% since then to approximately $67,000.
Cathie, a BTC enthusiast and the chief executive officer of ARK Investment Management who has been a BTC supporter for a very long time, encourages investors to have a view on the long term.
Wood was the founder of one of first public listed asset management firms to gain exposure to Bitcoin Since 2015, ARK Invest has been active in the market of crypto-related stocks. ARK Invest trades shares in companies that are tied to digital assets, such as Coinbase, Robinhood Markets and Circle Internet Group.
Wood spoke about the downturn in an SquawkBox interview, describing the BTC decline’s magnitude as more of a maturation than a weakness.
She claimed that Bitcoin has experienced a drop in value of about 50% from previous cycles. Earlier, Bitcoin had seen a decline between 85%-95%.
Wood says that it is unlikely for such severe collapses to occur again. She described Cryptocurrency Bitcoin is an alternative to traditional currencies. “proven technology” A “new asset class,” It is possible that the market has changed along with institutional adoption.
According to her, she would consider the corrections made in this case as a “real victory” Bitcoins will remain popular if their losses do not exceed half the peak value.
Bitcoin’s vicious cycles
Although the data is consistent with prior cycles, the present downturn still hasn’t reached previous bear markets for severity. During the 2021–2022 cycle, Bitcoin fell nearly 80% from its then-record high of about $69,000, eventually bottoming near $15,600.
Glassnode data on Onchain indicates that, compared to the high of October 2025, the current decline has been measured at roughly 52%.
The price of bitcoin is declining. forces Unwinding BTCs by a number of publicly traded companies and state-owned entities is an important reversal in the recent trend to accumulate BTCs. Companies that were once advocates of long-term investment are now selling their BTC treasuries to manage liquidity and repay debt as well as fund strategic pivots.
Businesses like Riot PlatformsGenius Group, Empery Digital Nakamoto Holdings and Marathon Digital all have reduced their holdings in various cases. Marathon Digital alone has sold more than 15,000 BTC at a cost of $1.1 Billion to reduce debt. Genius Group, on the other hand, completely sold its bitcoin holdings. Riot also has been selling off bitcoins to focus on AI and high-performance computer infrastructure.
Even those firms that are still in the bitcoin business have reduced their reserves. Empery Digital sold some of its holdings as a way to repay debts, while Nakamoto Holdings liquidated another portion in order to fund operations. Bhutan is reducing the amount of bitcoins it has accumulated through its mining.
Public companies hold more than 5 percent of all BTC despite the selling off.
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Source: bitcoinmagazine.com
