Gate News reports that on March 7th, ZX Squared Capital founder CK Zheng stated that Bitcoin has entered a deep bear market phase. He pointed out that as the “four-year cycle” influence intensifies, Bitcoin’s price could further decline by about 30% in 2026. Bitcoin reached a historical high of over $126,000 in October 2025, approximately 16-18 months after the April 2024 halving, and has now fallen back to around $68,000. The trend largely follows the four-year cycle centered around halving. CK Zheng believes that retail investors’ psychological behaviors—buying during market euphoria and selling in panic—have reinforced this bear cycle. Meanwhile, institutional adoption remains limited, with crypto ETFs and digital asset reserve companies accounting for only about 10% of the overall market. He pointed out that in a bear market environment, some companies holding Bitcoin as an asset reserve may be forced to sell assets due to debt repayment pressures, further intensifying market downward pressure.
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