Bitfinex report: Bitcoin may no longer experience long-term plunge of 70-80%

According to Bitfinex's latest report analysis, Bitcoin typically fluctuates with global stock markets and high growth thematic assets during risk repricing cycles, mainly due to portfolio rebalancing and liquidity management. Tether CEO Paolo Ardoino stated that compared to previous cycles, the Bitcoin market has deeper liquidity, higher institutional participation, and an increase in regulated investment tools, making it more resilient after being under pressure. The report predicts that Bitcoin may fluctuate due to AI sentiment changes or risk repricing events in 2026, but an increase in institutional holdings and improvement in market structure will avoid a long-term plunge of 70-80%.