Key Takeaways
- SkyBridge Capital’s Anthony Scaramucci maintains that Bitcoin’s traditional four-year market pattern remains unchanged despite growing institutional participation
- Veteran holders liquidated positions around the $100,000 price point, creating significant downward pressure as BTC retreated from $126,000 to $60,000
- ETF launches and corporate investment have dampened price swings but haven’t altered the fundamental cyclical nature of the market
- Scaramucci anticipates continued price turbulence throughout 2026, with a fresh uptrend potentially emerging in the final quarter
- The S&P 500 declined 1.3% and breached its 200-day moving average, prompting warnings that BTC might drop 50% if correlation with equities persists
Anthony Scaramucci, who serves as managing partner of SkyBridge Capital, maintains that Bitcoin is experiencing a typical cyclical downturn and anticipates a price rebound during the final quarter of 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
During an appearance on Scott Melker’s podcast “The Wolf of All Streets,” Scaramucci outlined his perspective on current market dynamics. He identified strategic profit-taking around the six-figure mark as a primary catalyst behind recent price declines.
Established holders and pioneering Bitcoin investors viewed the $100,000 threshold as a significant profit-taking opportunity. This selling wave created substantial bearish momentum despite simultaneous institutional capital entering the market.
Bitcoin reached a peak near $126,000 before experiencing a dramatic correction down to $60,000. This downturn shattered widespread market predictions of a rally toward $150,000 during 2025.
According to Scaramucci, such optimistic projections were driven by Donald Trump’s cryptocurrency-friendly position and improving regulatory conditions across the United States. However, he emphasized that markets typically defy consensus expectations.
He referenced early 2023 as a compelling illustration. Bitcoin began its recovery in January 2023, precisely when investor sentiment had reached rock bottom following the FTX exchange implosion in November 2022.
“It was at a period of great disinterest and great apathy that the bull market started again,” Scaramucci said.
Institutional Capital Modified, But Didn’t Destroy, Traditional Market Patterns
Scaramucci explained that Bitcoin exchange-traded funds and corporate adoption have smoothed out volatility without fundamentally disrupting cyclical behavior. While price fluctuations are now more moderate, the core cyclical framework persists.
He characterized the cycle as containing self-reinforcing elements. Market participants who accept the four-year framework make investment decisions based on it, thereby strengthening the pattern through their collective actions.
US-based spot Bitcoin ETFs have attracted approximately $2 billion in net capital over the previous four weeks, representing the most sustained positive flow period in 2026 to date.
Bitcoin Tracking Broader Equity Market Movements
Bitcoin dropped beneath $69,000 over the weekend as escalating Middle Eastern geopolitical instability continued pressuring risk-oriented assets. The Iran situation has now extended into its third week, creating headwinds for global financial markets.
The S&P 500 fell 1.3% on Friday, settling below its 200-day moving average for the first occurrence in 10 months. Market technicians closely monitor this metric as an indicator of long-term directional bias in stock markets.
Several market observers now suggest Bitcoin might 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 pullback consistent with historical cyclical patterns. He anticipates volatile price action persisting through much of the year before a fresh bullish phase potentially commences in Q4 2026.
Spot Bitcoin ETFs operating in the United States collected total net inflows of approximately $2 billion during the past four-week period.
