PANews, March 7: According to CoinDesk, 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 approximately 30% further by 2026. Bitcoin reached a historical high of over $126,000 in October 2025, roughly 16–18 months after the April 2024 halving, and has since retreated to around $68,000—movement largely consistent 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 bearish environment, companies holding Bitcoin as a reserve asset may be forced to sell due to debt repayment pressures, further exacerbating downward market pressure.
Bitcoin may drop 30% in 2026 amid a deepening bear market, says ZX Squared Capital founder.
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Summary
Bitcoin analysis from ZX Squared Capital founder CK Zheng suggests the asset could decline by 30% by 2026 amid a deepening bear market. Bitcoin news shows the price dropped to $68,000 after reaching $126,000 in October 2025, following the 2024 halving. Zheng said retail behavior and weak institutional adoption are prolonging the downturn, with some firms potentially selling Bitcoin to meet debt obligations.
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