Bernstein: Current Bitcoin Downturn Is Gentler Than Past Cycles, Analyst Says
Bitcoin recently revisited lows around $60,000 before a limited recovery to roughly $63,000, leaving the token about 54% below its cycle peak of about $125,000 in November 2025. Bernstein analysts, led by Gautam Chhugani, characterize this correction as materially shallower than previous cycles and point to corporate treasury buying and evolving mi…