It has now been 303 days since $BTC ’s all-time high, and BTC continues to move through one of the longest drawdown periods of this cycle.
Bitcoin is currently about 48.4% below its ATH, while the deepest drawdown of this cycle reached 53.1% on Day 267.
Compared with previous major bear markets:
2017/18: 363 days, 83.4% drawdown
2021/22: 376 days, 75.7% drawdown
2013/15: 406 days, 85.3% drawdown
In terms of time, the current market is already entering the same region where previous major bear cycles began to mature.
But there is one important difference: the magnitude of the current drawdown is still significantly smaller.
303 days into the Bear Market. The question now is not only how much further Bitcoin can fall, but how much longer it will take for this structure to finally change.
Bitcoin is currently about 48.4% below its ATH, while the deepest drawdown of this cycle reached 53.1% on Day 267.
Compared with previous major bear markets:
2017/18: 363 days, 83.4% drawdown
2021/22: 376 days, 75.7% drawdown
2013/15: 406 days, 85.3% drawdown
In terms of time, the current market is already entering the same region where previous major bear cycles began to mature.
But there is one important difference: the magnitude of the current drawdown is still significantly smaller.
303 days into the Bear Market. The question now is not only how much further Bitcoin can fall, but how much longer it will take for this structure to finally change.