PANews reported on April 1st, citing Cointelegraph, that Zack Wainwright, a digital asset research analyst at Fidelity, stated that the current Bitcoin cycle has retraced approximately 50% from its all-time high, significantly lower than the 80% to 90% declines of previous cycles, indicating a maturing market, reduced volatility, and increased institutional confidence. Nick Ruck, director of LVRG Research, pointed out that this signifies Bitcoin's shift from a speculative asset to a more stable store of value. Bitcoin hit a low of approximately $60,000 on February 6th, a 52% drop from its all-time high of $126,000 in October of last year. The previous cycle saw a 77% decline from a 2021 high of $69,000 to $16,000. Analysts also noted that based on historical decay patterns, the bottom of this cycle may occur in late September to early October 2026.