Bitcoin lags behind in the near future, and the decline in long-term demand from the market is again the focus. CMBC quoted CoinDesk and VettaFi as saying that, although prices were significantly lower than last year ' s, the institutions and consultants did not leave the room completely, and that part of the funding was still waiting for the new allocation.

Bitcoin's taller than half.

It was reported that Bitcoin had been repositioned for $65,000 at the beginning of the week, but had fallen back to $63,000 on Thursday. In terms of performance within the week, bitcoin has accumulated a decline of nearly 2 per cent as a result of the shorter trade week on leave.

By comparison with the historic high of $126,279 created on October 6, 2025, bitcoin has fallen by almost 50 per cent by Thursday. Against this background, there has again been a discussion in the market as to whether the “crypted winter” is repeated.

Chief CoinDesk says the market still recognizes its long-term value.

David LaValle, President of the CoinDesk Index and Data Operations, stated in the CNBC programme that the long-term prospects for bitcoin should not be denied because of the period of fluctuations. He compared Bitcoin to the early popularization phase of smartphones, arguing that such technologies were often associated with inconvenience and controversy in the early stages of development, but did not prevent them from moving into the mainstream.

He also indicated that, over the past eight years, the digital asset market had experienced multiple downswings, but that the current round of adjustments was different. According to him, the focus of the market discussion today is more like “when to re-enter” than “if there is a future for this asset”. In his view, that was an indication of the strengthened cognitive base of bitcoin among investors.

ETF holders have not been evacuated on a large scale

VettaFi Research and Editor-in-Chief Todd Rosenbluth focused on the behaviour of Bitcoin ETF investors. He indicated that, in the current context of market uncertainty, the relevant ETF holders as a whole continued to hold, reflecting the continued confidence of some investors in subsequent developments.

According to a survey of 104 finance consultants conducted by VettaFi in early May, nearly half of the respondents indicated that they were still on the field, while 22 per cent indicated that they were investing or continuing to build a digital asset-related warehouse. The results of the survey showed that there was no consistent direction on the part of the group of consultants and more a fragmented response.

  • Nearly half of the consultants interviewed are still waiting.
  • 22% indicate that they are investing or continuing to build
  • Reconfiguration opportunities for part of the funding

According to Rosenbluth, the impact of price reversals on market participants is not the same. Some investors would see the fall as a distributional opportunity, while others would continue to avoid it because of excessive volatility. However, he expected that market interest in digital assets would continue to develop in the light of changing demand.