BTC could fall 30% more this year amid bear market, says hedge fund

Bitcoin has entered a bear market according to the four-year cycle theory and could see its price fall an additional 30% this year, according to crypto hedge fund ZX Squared Capital. CK Zheng, the fund's founder, explained that he expects a further price correction for BTC this year due to factors including the situation in Iran. He noted this follows a typical pattern where the asset peaked last October, 18 months after the April 2024 halving, and has since been declining. Zheng added that the cycle is being reinforced by retail investors who repeatedly buy on positive news and sell in fear. He argued that BTC is still viewed as a speculative asset rather than a safe haven like gold, and institutional adoption has been slow. The decline could accelerate, he warned, if companies holding BTC begin selling to cover debt obligations.