Recent data suggests Bitcoin’s price might have dropped by 26% in 2025, leaving investors wondering about the future of this once-dominant cryptocurrency. While some analysts believe this decline could indicate a corrective phase within the current market cycle, others think it might be just the beginning of something much larger. 2025’s drawdown has already reached nearly $74K, with experts attributing most of this to macro uncertainty and market sentiment. 30% drop from its peak in January this year signifies a significant correction. This downturn is notably less severe than past downturns during bear markets, which saw price drops of over 80%, lasting for several months after hitting their peaks. This begs the question: Is Bitcoin’s price bottoming out now? Several analysts, including Julio Moreno (Head of Research at CryptoQuant), believe a correction could be in store. They suggest that Bitcoin might be approaching a similar dip to August 2024, while Glassnode anticipates an upcoming bottom around $74K-$70K. However, some are more optimistic and believe we’re past the worst. Axel Adler, an on-chain analyst, states that BTC has already bottomed out, entering a period of accumulation. His opinion is based on the STH (short-term holder) MVRV indicator, which mirrors a similar low seen last August. Julio Moreno’s caution remains; however, he notes that until bullish indicators improve, we can’t definitively say if this dip is just a correction or marks the start of a larger downturn.