About six months after the Oct. 10 flash crypto removed millions of dollars in one day, Bitcoin remains under pressure, trading. good here his latest tip. The goods arrived at always high of $126,080 on Oct. 6, but since then it has dropped about 47% to about $67,000.
Despite the challenges, Cathie Wood, a long-time BTC advocate and CEO of ARK Investment Management, is urging investors to take a long-term view.
Wood, whose company was among the first publicly listed asset managers to get Bitcoin status in 2015, he has been working in crypto-related projects. ARK Invest continues to sell shares of companies tied to the digital economy sector, including Coinbase, Robinhood Markets, Block, Circle Internet Group, Bitmine Immersion Technologies, and Bullish, changing positions based on market trends.
In an interview on CNBC’s Squawk Box, Wood addressed the recent decline, labeling the size of BTC’s decline as a sign of maturity rather than weakness.
He added that the nearly 50% decline from the peak represents a change from the volatility seen in the past, when Bitcoin fell by 85% to 95%.
According to Wood, such a catastrophic collapse is unlikely to happen again. He he explained Bitcoin as a “proven technology” and a “new asset class,” meaning that its market behavior will change along with greater adoption and participation.
In his opinion, this correction can be considered a “real victory” within the Bitcoin community if the losses are still less than half of its peak value.
Bitcoin’s vicious circle
Historical data supports comparisons to past trends, although the current decline has not compared to previous bear markets in any significant way. During the period of 2021-2022, Bitcoin fell by almost 80% from its then-record high of around $69,000, and eventually fell to around $15,600.
Onchain data from Glassnode shows that the current decline, measured by the October 2025 peak, has reached about 52% at the lowest point.
All this is happening while the price of bitcoin is falling strength the number of public companies and independent organizations to liquidate their BTC assets, which shows a significant change in growth over the past two years. Companies that used to operate for a long time are now selling to manage cash flow, pay off debt, and provide financing.
Companies like Riot PlatformsGenius Group, Empery Digital, Nakamoto Holdings, and Marathon Digital have all reduced stock, at times significantly. Marathon only sold at 15,000 BTC for $1.1 billion to cut debt, while the Genius Group fully exited its position. Riot has also been downgrading bitcoin as it focuses on AI and high-performance computing.
Even companies that are still committed to bitcoin have dwindling reserves. Empery Digital sold a portion of its assets to repay debt, while Nakamoto Holdings divested a small portion to support operations. Meanwhile, Bhutan has been reducing its government-backed reserves after previously accumulating them through mining.
Despite the sale, the public company still holds about 1.16 million BTC, about 5% of the total supply.
