Bitcoin’s 50% plunge isn’t a crisis, says hedge fund veteran Gary Bode
A nearly 50% drop from recent highs looks dramatic on a chart, yet history shows $BTC Bitcoin has endured — and recovered from — multiple drawdowns of this scale. Hedge fund veteran Gary Bode argues this move reflects market#MarketRally # psychology more than structural damage. In his view, traders are misreading the nomination of Kevin Warsh as a clear signal of tighter Federal Reserve policy, triggering fear-driven selling rather than a fundamental shift.
That fear quickly fed into margin calls, profit-taking, and whale activity — all classic accelerants in a leveraged market#MarketRally . Add short-term pressure from large holders, stress around Strategy, and the growing influence of “paper” $BTC bitcoin, and the sell-off starts to look more like a crowded exit than a collapse.
Importantly, none of these factors change $BTC
Bitcoin’s core design. The supply remains capped. The network keeps running. And its role as a volatile, long-term store of value remains intact for those who understand its cycles.