Bitget CEO Cautious on Bitcoin Surge

Bitget CEO Gracy Chen remains cautious about Bitcoin's recent surge to near $79,000. Despite the momentum, she believes that downside could still be ahead and is prepared to keep a significant portion of her portfolio in stablecoins.

Chen's personal 'buyback' zone for Bitcoin is around $50,000, which she considers a more attractive entry point after a deeper pullback. She emphasizes that she lacks any proprietary edge in timing Bitcoin's market and compares herself to an exchange operator rather than a analyst.

Chen's approach reflects the idea of separating short-term strength from cycle confirmation. Her stance on Bitcoin's price target is cautious, but not negative. While some traders see more downside before the next leg, Chen remains open-minded about the market's potential. She doesn't expect her timing to be perfect and avoids committing to a specific month for a $50,000 move.