🔷 $BTC is emerging from the bear market 3.1 times faster than in 2022
In brief: In 113 days, BTC covered 48% of the distance from the bottom to its previous record. Last time, it took 348 days.
What happened: Trader Sminston With overlaid two cycles. The bottom = 0%, the previous peak = 100%. In 2022–2023, the market spent almost a year stuck around the 30–45% mark. This time, half the distance has been covered in less than four months.
Why it matters: He attributes the acceleration to “strong hands”—that is, people who don’t sell when prices fall. Fewer sellers means the price is less likely to plunge further and bounces back faster.
What this means for you: The painful sideways market that wore people down last time isn’t in sight so far. But I wouldn’t confuse the chart with the price. This shows the share of the lost ground that’s been recovered, and there’s no new record yet. And it’s only a comparison of two cycles—there’s no guarantee the pattern will repeat.
Do you believe the market won’t repeat 2022?
#CryptoRay #BTC
In brief: In 113 days, BTC covered 48% of the distance from the bottom to its previous record. Last time, it took 348 days.
What happened: Trader Sminston With overlaid two cycles. The bottom = 0%, the previous peak = 100%. In 2022–2023, the market spent almost a year stuck around the 30–45% mark. This time, half the distance has been covered in less than four months.
Why it matters: He attributes the acceleration to “strong hands”—that is, people who don’t sell when prices fall. Fewer sellers means the price is less likely to plunge further and bounces back faster.
What this means for you: The painful sideways market that wore people down last time isn’t in sight so far. But I wouldn’t confuse the chart with the price. This shows the share of the lost ground that’s been recovered, and there’s no new record yet. And it’s only a comparison of two cycles—there’s no guarantee the pattern will repeat.
Do you believe the market won’t repeat 2022?
#CryptoRay #BTC