Gate News message, April 3, Ark Invest founder Cathie Wood said in a recent interview that Bitcoin has entered a mature stage, and the 85%-95% deep drawdowns that were common historically are already a thing of the past. She noted that even if the future pullback reaches 50%, it would be viewed as “major progress” within the Bitcoin community. Wood believes that Bitcoin has grown from an emerging technology into a “mature monetary system and asset class.”
In the prior cycle, Bitcoin fell from the approximately $69,000 peak in 2021 by nearly 80%, with the low reaching $15,600. Data from on-chain analytics platform Glassnode shows that the largest drawdown in this bear market is about 52% (based on the October 2025 high of $126,200), which has not yet reached the historical average level.
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