🏦 Hashdex CIO: Bitcoin $BTC may have hit the bear-market bottom, or there may be one final leg down before a recovery.
📌 BTC fell below $70,000 on Friday and is now around $69,000 — roughly 45% below its peak of $126,000 in 10/2025.
📌 Cycle ranges are narrowing: peak-to-trough drawdowns were 84%, 83%, and 77% in previous cycles, while this cycle is only around 53% so far; annual volatility has fallen from ~80% to ~44%.
Flows remain cautious, with defensive sentiment prevailing as BTC pulls further back from its peak.
💬 Do you think June was the bottom, or is there another leg down ahead?
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 BTC fell below $70,000 on Friday and is now around $69,000 — roughly 45% below its peak of $126,000 in 10/2025.
📌 Cycle ranges are narrowing: peak-to-trough drawdowns were 84%, 83%, and 77% in previous cycles, while this cycle is only around 53% so far; annual volatility has fallen from ~80% to ~44%.
Flows remain cautious, with defensive sentiment prevailing as BTC pulls further back from its peak.
💬 Do you think June was the bottom, or is there another leg down ahead?
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).