According to external sources, Anthony Scaramucci, founder of SkyBridge Capital, defined the current movement of Bitcoin as the bear market, but he believed that the fall in the round was lower than in previous cycles and might indicate that the buyer base in the market was more stable than before.

At present, the price of bitcoin is around $64,000, still about 49 per cent below the historical high of approximately $126,000 in October 2025. During the centralized silo phase in June 2026, Bitcoin fell by $60 million at a time, with the largest phase-backs ranging from 53 per cent to 55 per cent at different exchange and disk prices.

Reductions below previous cycles

Scaramucci, in an interview with CNBC, stated that the peaks in the past few rounds of Bitcoin Bears had generally been between 75 and 80 per cent, while the current round had fallen relatively slightly. On this basis, he judges that there may still be more net buyers in the market preparing for the next phase.

However, this claim remains a personal judgement and is not a proven market signal. A shallow withdrawal does not mean that Bitcoin has been built up, nor does it prove that the purchase was sufficient to prevent a subsequent fall.

Bitcoin was recently re-established at $64,000, after the buyer had secured support in the vicinity of $62.75 million. However, against the background of constricted volatility and the continued availability of leverage, the market is likely to experience rapid fluctuations in the short term.

Partial transfer of funds to AI

Scaramucci also indicated that one of the reasons for the weak performance of bitcoin was the recent shift of some funds from encrypted assets to artificial intelligence-related investments. AI conceptual equities and related products continue to attract funds, while the encryption market has experienced a slowdown in liquidation and institutional flows.

He also mentioned that some bitcoin mining companies were shifting infrastructure to AI computing and data centre operations. Following the pressure on mining revenues, some listed mining companies have begun to seek high performance computing and data centre contracts.

Belet has made similar judgments before. According to the agency, after bitcoin peaked in October 2025, the AI thematic fund attracted more than $46 billion in inflows; during the same period, the United States spot bitcoin exchange traded products recorded about $5 billion in net outflows.

Still bet on the next half-cycle.

Scaramucci still sees the next halving as a central basis for subsequent judgement. The next cut in bitcoin is expected to take place in 2028, depending on the rate of block generation. On that basis, he expected that, as new supplies continued to decline, Bitcoin prices would have the opportunity to rise again by $100,000.

He did not, however, give a clear timetable and indicated that, until then, the market might still have a long run. It was also mentioned that the subsequent movement of bitcoin depended not only on halving but also on investor demand, leverage levels, interest rate environment, ETF financial flows and macro-data.

VanEck had also previously suggested that the market might enter a new cycle of transition between September and November. However, its historical estimates suggest that similar alarm signals do not stabilize and win the bitcoin normal over the next three or six months, with more significant overperformance occurring at a one-year dimension.

The more immediate observation point for the market remains the ability of Bitcoin to build support above the $64,000 to $65,000. The short-term direction will continue to be influenced by current United States ETF flows, changes in leverage and upcoming economic data.