Bitcoin slipped under the $90,000 mark for the first time since April, rattling traders already shaken by weeks of volatility.
However, Gemini co-founder Cameron Winklevoss maintains that this downturn may be the final opportunity for investors to buy Bitcoin at these levels.
Bitcoin fell to $89,537 at press time, losing 6% in a day and dropping 4.37% for the year. The decline pushed the asset below a crucial threshold that traders have been watching closely throughout 2025.
Meanwhile, in a latest post on X, Cameron Winklevoss argued that sub-$90,000 prices may soon disappear for good. His comment reflects his long-standing view that short-term weakness does not change Bitcoin’s long-range trajectory.
Winklevoss Brothers Maintain Long-Range Bullish View
Cameron and Tyler Winklevoss have repeatedly described Bitcoin as a modern counterpart to gold.
Earlier this year, they said the asset could eventually reach $1 million, driven by its strengthening role as a store of value. They believe adoption is still in its early stages and that future investors may view today’s prices as historically low.
This perspective, in turn, shaped Cameron Winklevoss’ latest remarks, which frame the current decline as an opportunity rather than a threat.
October Turbulence Sets the Stage for the Current Slide
The ongoing correction began shortly after Bitcoin posted a new all-time high of $126,200 on October 6, 2025. Subsequently, the situation worsened on October 10, when nearly $19 billion in leveraged positions vanished in a single day. This liquidation wave accelerated the current correction.
Analysts note that the pullback falls within Bitcoin’s usual post-halving cycle. Historically, major peaks occur 400–600 days after each halving, including the one completed in April 2024. This timing has added context to the current volatility.
Multiple Forces Are Driving Market Stress
Several industry executives blamed the weakness on ETF outflows, whale selling, and rising geopolitical tensions. Together, these factors have contributed to persistent uncertainty and a reduction in investor confidence.
According to The Kobeissi Letter, the current decline looks more like a routine unwinding of leverage rather than a shift in fundamentals.
Nevertheless, fear has risen sharply. CryptoQuant analyst JA Maartun reported that the Fear & Greed Index fell to 10, its lowest reading since July 2022.
Industry Executives Expect a Bottom to Form Soon
Despite the gloom, some industry executives believe the worst may be near.
For instance, on Monday, Tom Lee, chairman of BitMine, told CNBC that traders are still processing the October 10 liquidation wave. Furthermore, he added that uncertainty around possible Federal Reserve rate cuts in December continues to pressure markets.
Lee said technical indicators now suggest that a market bottom may form this week. He also referenced insights from Tom Demar of Demar Analytics, who similarly sees signs of exhaustion in the sell-off.
Matt Hougan, CIO at Bitwise Asset Management, likewise agreed that a rebound may be near. In fact, he called current prices a “generational opportunity” for long-term investors.
Hougan pointed to concerns about the economy, AI valuations, and President Donald Trump’s tariffs as factors in the current market stress.
Predictions of a Strong Rebound Later This Year
Tom Lee forecasts Bitcoin to regain lost ground if equities strengthen in the coming months. Specifically, he believes a stock market rally could push Bitcoin to a new all-time high before year-end. Ultimately, this view offers some optimism as traders search for stability in the weeks ahead.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
