BlockBeats News, February 14 — According to a report to clients this month, Ned Davis Research strategist stated that despite Bitcoin experiencing significant sell-offs over the past few months, it still faces further downside risk.
Ned Davis Research Chief Thematic Strategist Pat Tschosik and analyst Philippe Mouls pointed out that based on an analysis of past Bitcoin downturn cycles, if the current bear market evolves into a full-blown “crypto winter,” the decline from peak to trough could reach 70%-75%, meaning Bitcoin could drop as low as $31,000.
Bitcoin has already fallen 44% from its peak in October last year. If it drops to the $31,000 level, it would mean a further 55% decline from current levels.
Tschosik and Mouls added that data shows that since 2011, the average decline during Bitcoin bear markets has been 84%, lasting an average of 225 days. Since Bitcoin peaked in early October last year, only 129 days have passed so far.
However, the two analysts also pointed out that a “winter” is not necessarily inevitable. Compared to the past, Bitcoin currently has more institutional buyers, which could bring greater stability to prices. “Historical data shows that the declines during winters or major bear markets tend to slow slightly over time. We believe this trend will continue,” they said when discussing price forecasts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin mining difficulty hits a new record
In February, global cryptocurrency mining saw significant developments, including a nearly 15% increase in Bitcoin's mining difficulty to a record 144.4 trillion. Bitdeer liquidated its BTC holdings and aimed to raise over 1,928,374,656,574,839,201 million for expansion. Market sentiment weakened after Trump's proposed tax increase, pushing Bitcoin below $65,000.
TapChiBitcoin1m ago
BTC 15-minute sharp decline of 1.32%: On-chain large transfers and long contract liquidations jointly exert pressure
Between 13:30 and 13:45 (UTC) on March 10, 2026, Bitcoin (BTC) experienced a short-term sharp decline, with a return of -1.32%. The price fluctuation range was from 69,723.0 to 70,921.5 USDT, with an amplitude of 1.69%. Trading volume during this period significantly increased, with on-chain large transfers rising by 18%. Market volatility intensified, accompanied by a rapid rise in panic sentiment, reflecting investors' high concern over sudden anomalies.
The main driver of this anomaly was the concentrated inflow of large on-chain transfers to exchanges, with some single transactions exceeding 1000 BTC, triggering institutional or large investor activity.
GateNews4m ago
BTC falls below $70,000, now at $69,813
Gate News Report, March 10, market data shows that Bitcoin has fallen below the $70,000 mark, currently trading at $69,813, with the 24-hour increase narrowing to 1.52%.
GateNews10m ago
BTC drops below 70,000 USDT
Gate News bot message, Gate market display, BTC drops below 70,000 USDT, current price 69,987.6 USDT.
CryptoRadar14m ago
Fake Police Officers Held French Couple at Knifepoint in $1M Bitcoin Robbery
Three suspects posing as police officers attacked a couple in Versailles, forcing them to transfer approximately €900,000 in Bitcoin. French authorities confirm the theft and are investigating the growing trend of violent robberies targeting crypto holders.
Decrypt15m ago
Today, the US Bitcoin ETF saw a net inflow of 2,070 BTC, while the Ethereum ETF experienced a net outflow of 24,138 ETH.
Gate News reports that on March 10th, according to Lookonchain monitoring, the US Bitcoin ETF saw a net inflow of 2,070 BTC, Ethereum ETF experienced a net outflow of 24,138 ETH, and Solana ETF had a net outflow of 33,350 SOL.
GateNews20m ago
