Bitcoin Slide Sparks Four-Year Cycle Fears, but 80% Drop Is Unlikely, Says K33

Bitcoin has fallen about 40% from its October high, reviving concerns of a four-year cycle downturn. However, K33’s Vetle Lunde says the backdrop is different due to rising institutional inflows, regulated product access and a looser rate environment, making an 80% decline unlikely. While some cycle-like patterns appear—strong volume, shifting open interest, and negative funding—these signals are not conclusive, and Bitcoin remains near a critical support around $74,000 with the bottom still uncertain.