How Bitcoin’s Post-$125,000 Pullback Signals a More Mature Market Path

On 28 December 2025, Bitcoin traded around $87,800 after dropping below $90,000 and pulling back roughly 30% from its October high above $125,000. Matt Hougan argues this pattern reflects a shift toward slower, structurally driven growth supported by long-term institutional holders, rather than the explosive four-year boom-and-bust cycles of the past. Some analysts, including Sebastian Beau, still see the traditional cycle as relevant, but both note that growing market maturity may mean steadier gains and reduced sensitivity to political headlines.