I just saw an interesting opinion from a leading investment industry executive about Bitcoin: that the kind of severe price drop seen in the past may no longer happen. The reason is that large financial institutions are beginning to officially recognize Bitcoin as one type of asset, not just as experimental technology.

Based on the most recent interview, experts point out that the era of catastrophic drawdowns of 85-95% tied to new technology has ended. Bitcoin is now a proven financial system, and a new asset category with increased stability. When the price was around $67,000 last April, she emphasized that Bitcoin’s maturity comes from the ongoing institutional mainstreaming process.

But this doesn’t mean prices will keep rising indefinitely. From the perspective of the four-year cycle associated with Bitcoin halving events, there may still be a period of decline. With an ATH of about $126,000 in early October last year, the current price of $77,840 shows that there is still selling pressure. However, if institutional investors through spot Bitcoin exchange-traded funds resume additional buying, the bottom of the bear market may already be in.

According to data from the Bitcoin blockchain value map, it looks like Bitcoin is preparing to test the “severely undervalued” band again, increasing the likelihood of a rebound in the second quarter. This comes after the first quarter of this year fell by 22.2%, the worst in 8 years. This could be a point that investors should pay attention to, and if you follow market data through analytics platforms such as finbold, you’ll get a clearer big-picture view.