Cathie Wood, the CEO of ARK Invest, believes that the 50% drop in Bitcoin’s price from its all-time high indicates significant strengthening and maturity in the cryptocurrency market. This statement was made during her interview with CNBC, where Wood elaborated on the current situation in the digital asset market.
This is reported by Finway
Comparison with Previous Market Cycles
According to Cathie Wood, the current decline in Bitcoin’s price is significantly less severe than in previous cycles. In the past, investors faced corrections ranging from 85% to 95%, whereas now the drop is about 50%, which she describes as a “true victory” for investors and the entire industry.
The historical peak value of Bitcoin reached $125,000, and a 50% correction corresponds to a level of $62,500. Financial analytical tools report that this level was tested in early February 2026. At the time of this writing, Bitcoin was trading at $66,600.
Signs of Resilience and Recognition of Bitcoin
The reduction in Bitcoin’s volatility, according to Wood, demonstrates its resilience and stability. She emphasized that the market is no longer witnessing “collapses of 85%-95% related to a completely new technology,” as the digital asset has transformed into a proven financial system and a distinct class of investment.
“Collapses of 85%-95% related to a completely new technology are a thing of the past. This is a proven technology, this is a proven monetary system, and this is a new class of assets.”
The analytical company Glassnode confirms this trend: the depth of the current correction is about 52%, which is significantly less than during previous bearish phases when declines exceeded 80%.
Wood also highlighted that Bitcoin can no longer be ignored or considered merely an experiment, as it has become an integral part of the modern financial system. The launch of Bitcoin-based exchange-traded funds (ETFs) and the widespread adoption of this asset by major market players contribute to its resilience. In this regard, she stated that traders should rethink the very concept of a “bad day” in the crypto market.
Expert Tony Severino agrees with Cathie Wood’s perspective but notes that the current bearish phase is far from over. According to his estimates, a market reversal may only occur with a 72% drop in Bitcoin’s price from its all-time high, which would bring it down to approximately $34,000. Analyst Peter Brandt shares a similar forecast, expecting the market bottom to form in the fall of 2026, with a new all-time high not anticipated before the second quarter of 2027.