Bitcoin Plunges 50%: What History Says About Its Next Move

Bitcoin's price has dropped by half since its peak in October at $126,128. This drawdown is not unusual, as similar declines have occurred in previous cycles.

The current halving cycle is different from earlier ones, with the launch of spot Bitcoin ETFs and improved regulatory clarity. Institutional investors now hold around 6% of all Bitcoin through these funds.

Bitcoin miners are also diversifying their revenue streams by offering AI computing contracts to large companies during periods of low crypto prices.