$BTC sitting at $64,411 today vs ATH of $126,272 — that's a 49% drawdown and 310 days since we last peaked.
ATH frequency tells the story:
2017 bull: 67 ATHs
2021 bull: 23 ATHs
2024: 21 ATHs
2025 YTD: 12 ATHs
We're in a slower grind this cycle. Less euphoria, more consolidation. If you're waiting for parabolic daily ATHs like 2017, this ain't it. Accumulation phase or distribution? Watch liquidity and macro.
Still bullish long-term, but manage expectations.
ATH frequency tells the story:
2017 bull: 67 ATHs
2021 bull: 23 ATHs
2024: 21 ATHs
2025 YTD: 12 ATHs
We're in a slower grind this cycle. Less euphoria, more consolidation. If you're waiting for parabolic daily ATHs like 2017, this ain't it. Accumulation phase or distribution? Watch liquidity and macro.
Still bullish long-term, but manage expectations.