Odaily Planet Daily reports that CK Zheng, founder of cryptocurrency hedge fund ZX Squared Capital, stated that Bitcoin has entered a deep bear market phase. As the impact of the four-year cycle intensifies, prices could decline by another approximately 30% by 2026. Bitcoin reached a historical high of over $126,000 in October 2025, about 16–18 months after the April 2024 halving, and has since retreated to around $68,000—moving largely in line with the four-year cycle centered on halving events. Retail investor behavior—buying aggressively during market euphoria and selling in panic—has amplified 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 this bear market environment, some companies holding Bitcoin as a reserve asset may be forced to sell due to debt repayment pressures, further exacerbating downward market pressure. (CoinDesk)
Bitcoin may drop 30% in 2026 amid a deepening bear market.
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Summary
Bitcoin news from Odaily reports that CK Zheng of ZX Squared Capital says Bitcoin has entered a deep bear market. He forecasts a roughly 30% price drop in 2026 due to the four-year cycle. After reaching $126,000 in October 2025, Bitcoin analysis shows it has fallen to $68,000. Retail investors buying high and selling low are exacerbating the downturn. Institutional adoption remains low, with ETFs and reserve firms holding just 10% of the market. Debt pressures may force some firms to sell Bitcoin, adding further downward pressure.
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