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🤔 Cathy Wood: The 85% drop in BTC is a thing of the past.
ARK Invest CEO believes that the era of major corrections for Bitcoin has ended – it is no longer an experiment but a proven technology and a new asset class.
➠ The current correction from the ATH is about $126k – approximately 52% (, historically it has reached up to ~80-85%), and if this is the bottom, such a scale of decline can already be considered a “victory.”
➠ Meanwhile, some analysts consider the bottom around ~$34,000 (—72% from the ATH).
➠ The market consensus remains higher – $40-50k.
At the same time, April has historically often been a turning point in a bear market. March already broke the series of declines (+1.8%).