# Kraken Co-CEO Dave Ripley Says Bitcoin (BTC) May Be Leaving Bear Market By Sonny Jang Canonical URL: https://www.tokenpost.com/news/people/53077 Published: 2026-11-10T12:33:05.000Z Updated: 2026-11-10T12:33:05.000Z Section: People > Ripley also described the downturn as potentially the softest in Bitcoin’s history. He made the remarks in a video podcast episode published Nov. 9. Kraken co-CEO Dave Ripley said Bitcoin’s move above $80,000 led him to view the bear market as mostly over, diverging from a recent cycle count that still treated the downturn as ongoing. Ripley said the rebound made him think, “that was the bear market,” and Bitcoin was “on our way out of it.” He also described the decline as potentially the softest bear market in Bitcoin’s history. The remarks came in a video podcast episode published Nov. 9. The conversation also covered how retail and institutional customers are approaching Bitcoin. A CryptoBoost founder’s [Nov. 5 bear-market count]() put the downturn at day 396, dated its start to Oct. 6, 2025, and estimated the decline at about 53%. ## Links in this article - [Nov. 5 bear-market count](https://www.tokenpost.com/news/investing/49965)