Bitcoin’s bear markets are getting milder. Bull markets may be next
Why now
Thesis: Bitcoin cycles may be structurally softening
Catalyst to watch: Sustained ETF inflows through next drawdown
Main risk: Claim rests on one mild bear market
Why it matters
Milder drawdowns imply institutional ETF flows and maturing market structure are dampening Bitcoin's boom-bust cycle, which could support higher risk-adjusted allocations.
Details
Bitcoin’s latest bear market was milder than past crashes as ETFs, institutional investors and a maturing market reshape its cycles.
Sources
- coindesk · 2026-09-24 15:26 UTC