Bitcoin 
$95,650.36According to Bernstein analysts, the decline of approximately 25 percent from the peak of $ 126,000 reached on October 6 is a sign of a short-term correction, not a new bear cycle. The research team led by Gautam Chhugani stated that investors turned to selling due to concerns about the historical four-year cycle, but the current fundamentals are much stronger than previous periods. The company pointed out that approximately 340,000 BTC worth approximately $38 billion that long-term investors sold in the last six months were largely absorbed by spot ETF and institutional purchases.
Institutional Equity and ETFs Soften the Decline
Bernstein argues that the recent decline is a superficial correction and that structural forces in the market remain in place. The justification for this view is that the institutional ownership rate will increase from 20 percent to 28 percent at the end of 2024. ETFTotal assets under management of $125 billion were shown. Although there has been an outflow of $3 billion in the last three weeks, analysts emphasized that this was a healthy rebalancing and did not turn into a deep sales wave.
The report also states that investors StrategyIt was also stated that concerns that . may sell its assets were unfounded. Bernstein stated that the company has $8 billion in debt against its $61 billion Bitcoin portfolio and that executives have no sales plans. It was also emphasized that the dividends were covered from the treasury and that the company would continue to make purchases throughout the market corrections.
Political Winds and Tokenization Trend Remain Strong
Analysts during the Trump administration cryptocurrencyHe noted that the strategic support provided to either continues, and that the Clarity Act is expected to advance by the end of this year or early 2026. It is expected that the liquidity environment, which will increase with the decrease in interest rates, will stand out as a supporting factor for Bitcoin.
Bernstein, coinbase, robinhood, figure And circle He stated that publicly traded cryptocurrency companies such as exceeded expectations in the third quarter, indicating that corporate interest continues. This trend is about tokenization and stablecoinHe pointed out that ‘s have become the two main axes of the new cycle. According to analysts, the market is far from the dramatic peak signals of previous cycles. Instead, it is in the midst of a more measured, multi-year trend shaped by corporate involvement. The report shows that the possibility of Bitcoin forming a new low in the $80,000 band could create a window of opportunity for the cryptocurrency to re-enter.
CryptoAppsy According to data, Bitcoin is trading at $95,389, decreasing by 0.24 percent in the last 24 hours.
