Remember, Bitcoin drawdowns have historically gotten shallower cycle to cycle. 2013 bottomed at 91%, then 2017 at 83.3%, then 2021 at 76.7%. This one is 330 days in and sitting at 38.1%. At the same point the three prior cycles were already between 66.9% and 72.1% down. No one knows if that pattern holds a fourth time.
BitcoinsensusShare
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