Historical maximum drawdowns during past BTC bear markets: 2013: -85% 2017: -84% 2021: -77% This current pullback from the high of $124,000 has only declined -53% so far! Compared to history, the drop is significantly shallower! Do you think “the washout isn’t over and a sharper crash is coming,” or “institutions are entering—this time is different”?
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