Key Takeaways
- SkyBridge Capital’s Anthony Scaramucci maintains that Bitcoin’s traditional four-year market cycle continues operating despite growing institutional participation
- Significant profit-taking occurred around the $100,000 price milestone, creating substantial sell-side pressure that pushed BTC from $126,000 down to $60,000
- While institutional capital and exchange-traded funds have dampened price swings, they haven’t fundamentally altered the cyclical nature of Bitcoin markets
- Scaramucci anticipates volatile, sideways price action throughout most of 2026 before a fresh uptrend emerges in the fourth quarter
- The S&P 500 declined 1.3% and breached its 200-day moving average, prompting warnings that Bitcoin might decline 50% if correlation with equities persists
Anthony Scaramucci, the managing partner at SkyBridge Capital, maintains that Bitcoin is experiencing a typical four-year cycle pullback and anticipates price recovery beginning in Q4 2026.
JUST IN: SCARAMUCCI SAYS BTC BEAR MARKET DRIVEN BY FOUR-YEAR CYCLE
The current Bitcoin $BTC downturn follows its traditional cycle, Anthony Scaramucci (@Scaramucci), managing partner of the SkyBridge investment firm, said in a recent podcast with Scott Melker of the “Wolf of… pic.twitter.com/Sfo0QGuSfV
— BSCN (@BSCNews) March 23, 2026
Scaramucci offered these insights during an appearance on Scott Melker’s “The Wolf of All Streets” podcast. He identified selling activity around the $100,000 price level as a primary catalyst behind the ongoing downturn.
Early adopters and long-term Bitcoin holders viewed the $100,000 mark as a significant profit-taking opportunity. This selling wave created downward momentum despite simultaneous institutional capital entering the market.
Bitcoin reached a peak near $126,000 before experiencing a steep decline to $60,000. This correction shattered widespread market predictions that BTC would reach $150,000 during 2025.
According to Scaramucci, those bullish projections were driven by Donald Trump’s cryptocurrency-friendly policies and improved regulatory conditions in the United States. However, he emphasized that markets typically defy consensus expectations.
He referenced early 2023 as a perfect illustration. Bitcoin began its recovery in January 2023 during a period of extreme bearish sentiment following FTX’s November 2022 collapse.
“It was at a period of great disinterest and great apathy that the bull market started again,” Scaramucci noted.
Institutional Participation Has Modified But Not Eliminated the Cycle
Scaramucci explained that Bitcoin exchange-traded funds and institutional capital have moderated volatility without destroying the cyclical framework. While price fluctuations have become less dramatic, the fundamental pattern persists.
He characterized the cycle as somewhat self-reinforcing. Market participants who recognize and trade based on the four-year rhythm effectively perpetuate the pattern through their collective behavior.
U.S. spot Bitcoin ETFs have attracted approximately $2 billion in net inflows during the last four weeks, representing the most extended period of positive flows seen in 2026.
Bitcoin’s Correlation With Traditional Equity Markets Strengthens
Bitcoin dropped beneath $69,000 on Saturday as escalating Middle East geopolitical tensions continued pressuring risk-sensitive assets. The Iran situation has now stretched into its third week, creating headwinds for global financial markets.
The S&P 500 fell 1.3% on Friday, closing below its 200-day moving average for the first occurrence in ten months. This technical level serves as a critical indicator for assessing long-term equity market trends.
Several market analysts now suggest Bitcoin could experience an additional 50% decline in 2026 if its correlation with the S&P 500 remains elevated.
Scaramucci characterized the present correction as an ordinary downturn consistent with historical cycles. He projects continued volatility and range-bound trading for the majority of the year before a new bullish phase initiates in Q4 2026.
U.S. spot Bitcoin ETFs have accumulated approximately $2 billion in total inflows during the previous four-week period.
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