Cathie Wood: Most BTC selling pressure is over, rally to resume

Ark Invest CEO Cathie Wood said in an interview with CNBC that the recent decline in Bitcoin was due to a $28 billion deleveraging event triggered by a Binance software error last October. She added that she believes most of the selling pressure has now dissipated, predicting that Bitcoin will consolidate between $80,000 and $90,000 before concluding its four-year down cycle and resuming its upward trend.