Crypto news, Ark Invest founder Cathie Wood stated that Bitcoin has entered a mature stage, and the historically common 85%–95% deep crashes may now be a thing of the past. Even if future pullbacks reach 50%, they are still considered a "significant advancement" within the Bitcoin community. She believes that Bitcoin has evolved from an emerging technology into a "mature monetary system and asset class." In previous cycles, Bitcoin once fell nearly 80% from its peak of around $69,000 in 2021, touching a low of $15,600; according to Glassnode data, the current bear market's maximum retracement is about 52% (based on the October 2025 high of $126,200), still below the historical average.