In this Bitcoin bear market, it has truly shattered the old historical playbook!
In past bear markets, the typical maximum drawdown of “the big pie” could go as high as 84%, leaving a scene of utter devastation. But in this round of adjustment, it has only dropped 52%—the difference is clearly visible, and this is by no means a coincidence.
Simply put: when the market is rising, there is no extreme frenzy, so there won’t be a catastrophic crash during the decline. The two rounds of sharp selloffs in 2018 and 2022—each wiping out 80% or more—were all caused by the seeds of disaster planted earlier, when the whole public was疯狂 and greed had reached its peak.
But in this bull-bear cycle, the market never showed that mindless chase-the-price kind of狂热. Without a bubble driven by madness, there’s no need for a brutal selloff to correct and wash things out.
Overall, the range of market fluctuations is steadily shrinking and converging. Clearly, Bitcoin is steadily evolving—slowly moving toward maturity. The old bear market script has completely failed! $BTC $ETH $XLM #BTC
In past bear markets, the typical maximum drawdown of “the big pie” could go as high as 84%, leaving a scene of utter devastation. But in this round of adjustment, it has only dropped 52%—the difference is clearly visible, and this is by no means a coincidence.
Simply put: when the market is rising, there is no extreme frenzy, so there won’t be a catastrophic crash during the decline. The two rounds of sharp selloffs in 2018 and 2022—each wiping out 80% or more—were all caused by the seeds of disaster planted earlier, when the whole public was疯狂 and greed had reached its peak.
But in this bull-bear cycle, the market never showed that mindless chase-the-price kind of狂热. Without a bubble driven by madness, there’s no need for a brutal selloff to correct and wash things out.
Overall, the range of market fluctuations is steadily shrinking and converging. Clearly, Bitcoin is steadily evolving—slowly moving toward maturity. The old bear market script has completely failed! $BTC $ETH $XLM #BTC