📉 Bitcoin Down 32% From Record High But This Bear Market Looks Different

Bitcoin is currently around 32% below its record high of $126,000, reached a year ago. While the decline may look significant, it remains much smaller than the drawdowns seen during previous major Bitcoin bear markets.

In earlier cycles, Bitcoin experienced much deeper corrections, with prices falling roughly 77% to 85% from their peaks.

This cycle has so far been more resilient, supported by stronger institutional participation, ETF demand, and lower overall market volatility.

The key question now is whether Bitcoin can stabilize and build a new recovery phase, or if deeper downside pressure is still ahead.

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