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Bitcoin’s 50% Dip: Did AI Steal Crypto’s Thunder?
Description
Following an all-time high near $126,000, Bitcoin has retraced nearly 50% to trade around $64,000. A massive $19 billion liquidation event, triggered by macro trade tensions, escalating geopolitical risks, and capital rotation toward AI equities, has tested market resilience. However, the absence of widespread systemic platform failures highlights a maturing industry compared to past cycles.
Zhong Yang Chan, Head of Research at CoinGecko, joins BFM’s Market Watch to analyse current crypto market dynamics. He compares this pullback to historical drawdowns, breaks down how institutional ETF flows and perpetual futures data signal potential recovery, and evaluates Russia's cross-border crypto moves amid global sanctions.
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