Bitcoin Down 36% From Peak, ETFs Boost Price Floor
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- Bitcoin is down roughly 36% from its October all‑time high of $126,080, trading near $80,500 according to CoinGecko.
- Bitcoin rose 12.5% over the past 30 days, including a 22% surge between April 1 and May 6.
- ETF inflows and corporate treasury purchases have created a new price floor, analysts say.
- Pierre Rochard of The Bitcoin Bond Company says the current bear market has decoupled from past cycles due to muted front‑end bull activity, ETF inflows, and treasury accumulation.
- Illia Otychenko of CEX.IO warns that Bitcoin trading above its True Market Mean and Short‑Term Holder cost basis historically preceded short‑term recoveries before bear markets resumed in 2014, 2018 and 2022.
Why it matters: Institutional investors and corporate treasuries gain a higher price floor, while retail traders face limited upside as Bitcoin's volatility shifts to a reshuffling phase before a long‑term bull run.
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