🔥 *Bitcoin News 🚀: 70% Drawdown Warning in Next Bear Market 📉*
Into The Cryptoverse founder *Benjamin Cowen* warns Bitcoin could face a *70% decline* 🔻 in the next bear market 📊. Previous cycle drawdowns were *94%*, *87%*, and *77%* 📚.
🔑 Key Points
- If Bitcoin hits *$250K 💰*, a 70% drop could send it back near *$75K 📉*.
- Cowen expects *Ethereum (ETH) 🔹 to outperform Bitcoin toward the cycle’s end 🔥*.
- Bitcoin Analyst *Benjamin Cowen cautions against complacency 😬*.
🤔 Market Outlook on Bitcoin
- *Matt Hougan (Bitwise CIO)* 📈: expects 2026 to be an “up year” for Bitcoin.
- *Steven McClurg (Canary Capital CEO)* 🔥: sees a >50% chance BTC hits $140K–$150K before another bear market in 2026.
- *Michael Saylor (Strategy)* 💪: insists “winter is not coming back.”
Bitcoin is up *88% year-over-year 📊*, but Cowen warns investors not to underestimate how quickly a cycle top can form ⚠️.