Bitcoin reached a historic high of over $125,000 in early October 2025, and has since fallen more than 30%. Due to the continued price slump in recent weeks, market speculation about a new "crypto winter" has been triggered.

Since 2011, the Bitcoin market has experienced four downturns where it fell from all-time highs to cycle lows.

The team at financial services giant Cantor pointed out this week: "Due to fears of the 'four-year cycle' and macroeconomic influences, the cryptocurrency market seems to be entering its first year of decline since 2022."

While the Cantor team remains optimistic about the long-term prospects for Bitcoin, including institutional adoption and regulatory clarity, they expect trading activity to be weak over the next year, which could drag down prices.