Bitcoin is down 30% from its October high, disappointing investors despite positive drivers like institutional adoption and supportive US administration. Long-term holders selling at key levels and a belief in Bitcoin’s four-year cycle are contributing to the decline. The AI trade, once a market engine, is now wobbling due to skepticism around valuations. A $19 billion liquidation event in October caused lasting damage. Despite the decline, analysts remain bullish on Bitcoin in the long term. Bitcoin is currently trading at $86,775, down 0.7% in the last 24 hours. Ethereum is at $2,920, down 1.3%.

Read more at Yahoo Finance: Four factors that will drive the Bitcoin price into 2026. ‘Nothing stops this train’