BITCOIN DOWN 50%, MORE PAIN POSSIBLE Bitcoin has fallen over 50% from its October high of $126,000, briefly bouncing to around $72,000 but struggling to hold momentum. Wolfe Research warns the drop may not be over: historical four-year bear cycles show average drawdowns of 75%, which would push BTC near $30,000. The same macro, political, and market pressures that drove the selloff remain, with little relief expected from legislation or risk sentiment. Geopolitical and economic tensions continue to weigh on Bitcoin and other risk assets. Analysts caution the recent bounce may be temporary.(*Walter Bloomberg)