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According to ChainCatcher, citing The Block, bitcoin (BTC) has dropped about 25% since reaching its all-time high of approximately $126,000. Bernstein analyst Gautam Chhugani stated in a client report on Monday that this decline reflects investors’ anxiety over the historical four-year cycle pattern—which saw peaks in 2013, 2017, and 2021. Many investors, anticipating a repeat in 2025, sold early during market weakness, thus creating a self-fulfilling prophecy to some extent. However, they believe the current fundamentals are stronger, and data suggests this is more likely a “relatively shallow pullback” forming a new local bottom, rather than the 60% to 70% drops seen in previous cycles—thanks to significant absorption of supply from long-term holders. The analysis points out that over the past six months, investors who held BTC for at least a year sold about 340,000 BTC (around $3.8 billions), while approximately $3.4 billions in capital inflows into spot ETF and corporate treasuries have largely absorbed this selling pressure. Looking ahead, the analysts believe the market is “not at a cycle peak,” but rather part of a multi-year trend defined by institutional participation and moderate cyclical pullbacks. They are watching whether bitcoin can establish a bottom around $80,000—a level that emerged after last year’s U.S. presidential election—and believe the current pullback may provide an attractive entry opportunity for digital assets and related stocks.

According to ChainCatcher, monitored by GMGN, Banana For Scale ($BANANA) on the BSC chain has surged over 97% in the past 24 hours, with its market cap peaking at 48 million USD, currently reported at 47 million USD, and the current price is approximately 0.0047 USD. ChainCatcher reminds users that meme coin prices are highly volatile, and users should invest with caution.