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The post Bitcoin Crash 2026: Token Bay Capital Says Whales Are Already Buying Back In appeared first on Coinpedia Fintech News Bitcoin had dropped over 50% from its all-time highs, with roughly 40% of that fall happening in the last six months alone. But one fund manager thinks the bottom could already be forming. In a recent CNBC International interview, Lucy Gazmararian, founder and managing partner of Token Bay Capital, explained that crypto’s recent sell-off was not isolated. It followed a broader macro risk asset correction into early 2026, with another 20-30% drop across the board. Bitcoin Whales Sold at $100K, Now “Nibbling” Back In Gazmararian pointed to OG Bitcoin whales who sold down their holdings around the $100K psychological level at the end of 2025. According to her, this follows the same four-year cycle pattern that has played out repeatedly in crypto markets. “Until it’s proven otherwise, these four-year cycles are going to persist,” she said. She added that if Bitcoin drops back to the $50K level, whales are expected to accumulate heavily. Some may already be “beginning to nibble back into the market.” Also Read: Is Bitcoin’s 4-Year Cycle Breaking Down? Ran Neuner Points to Liquidity Shift Peak-to-Trough Drawdowns Are Getting Smaller Gazmararian noted that while the pattern of roughly three years up, a blow-off top, and a sharp decline still holds, the drawdowns are getting “smaller and smaller” each cycle. This suggests the crypto market is gradually maturing. For those watching for a re-entry point, her message was direct. “If you’re looking to accumulate, it is not a crazy thing to be accumulating at this price,” she said. XRP Records Positive ETF Flows While Market Bleeds While nearly every crypto asset saw outflows last week, XRP was the only cryptocurrency with record positive ETF flows, bucking the…

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Filed under: News - @ February 9, 2026 7:24 pm