Bitget CEO Sees Major Correction Ahead for Bitcoin

The CEO of Bitget, Gracy Chen, is refusing to get swept up in the current Bitcoin rally. She believes that the ongoing price increase is not sustainable and expects a major correction.

Chen's target entry point for buying BTC sits around $50,000, which represents a potential correction of over 40% from current levels. This is a level she expects to see by late 2025 or early 2026.

The Bitget CEO points out that the market sentiment is disconnected from real macroeconomic fundamentals and identifies signs of exhaustion in the price action. She argues that this kind of counter-cyclical positioning is rare in the crypto industry, where exchange executives typically try to keep enthusiasm running high.