Analyst Willy Woo: Bitcoin Down 47% from $126K
On-chain analyst Willy Woo outlined Bitcoin’s bear cycle in three phases. Phase 1 began with a Q3 2025 liquidity breakdown, while Phase 2 is expected once broader market weakness sets in, leading eventually to capitulation and recovery. Bitcoin has fallen 47% from its $126K peak to $67.3K, with volatility levels not seen since the 2022 FTX crash. Critics cite Woo’s past missed calls, but bulls highlight softer inflation and ETF inflows as potential stabilizers, suggesting the market could weather this bear cycle.
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