Bitcoin fell to the $63,000 range by Thursday, marking a decrease of nearly 50 percent from its all-time high of $126,279 reached on October 6, 2025. This occurred after Bitcoin had surpassed $65,000 on Monday of the same week.

The cryptocurrency decreased by nearly 2 percent during the shortened holiday week. The iShares Bitcoin Trust ETF and Grayscale Bitcoin Trust ETF experienced a 40 percent decrease over the past 52 weeks.

A survey conducted by TMX VettaFi in early May included 104 financial advisors. Todd Rosenbluth, head of research and editorial at TMX VettaFi, said, "Actually just crossed into the net outflows, despite bitcoin itself having been down for much of the year," regarding the iShares Bitcoin Trust ETF. He added, "So, people were still holding on, and in fact buying IBIT through the initial downdraft. That's encouraging to me that people were holding on."

David LaValle, president of indices and data at CoinDesk, said, "As it pertains to the future of the digital asset, a lot has transpired, and there have been downdrafts over the past eight years." He noted this period differs from previous crypto winters. "Unlike previous crypto winters, this is like, 'Hey, when do I get back in as opposed to whether or not there's a future.' We look at this as a point of credibility," LaValle said.

Rosenbluth added, "A [crypto] pullback has created a buying opportunity for some people. Others, it might reinforce that they don't want to be near it when something sells off too strongly." Around half of the surveyed financial advisors were observing digital assets without active investment. Twenty-two percent of the financial advisors surveyed were actively investing in or building positions in digital assets.

No independent assessment was available for this report.