Analysis: Bitcoin may drop another 30% this year, currently in a deep bear market phase

SmartContractAuditor · 2026-03-07T06:51:18+00:00

Cryptocurrency hedge fund founder CK Zheng stated that Bitcoin has entered a deep bear market and is expected to decline by 30% by 2026. The current market trend aligns with the "four-year cycle" pattern, with retail investors chasing rallies and panic selling intensifying the bear market. Institutional investment remains limited, which may lead some companies to sell Bitcoin due to debt repayment pressures, further exacerbating the downward trend.

SmartContractAuditor

2026-03-07 06:51:18

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Odaily Planet Daily reports that 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 historic 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. (CoinDesk)

BTC-3.45%

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