Bitcoin News
By Evie Vavasseur
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Past Cycles Put the 53% Drop in Perspective. In 2018, Bitcoin fell 84% from its peak. The cycle after that saw a 77% drawdown.
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Duration Matters as Much as Price. The 240-day count is important. Bear markets don't just need to reach a certain price level — they…
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Bear Market as Setup for the Next Bull Run. Here's the other side of the argument, and it matters.
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Bitcoin is trading near its lowest point since late 2024. And analysts say the bottom probably isn't here yet — not by a long shot.
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The current corrective phase has stretched roughly 240 days, and if past bear markets are any kind of guide, that's not long enough.
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In 2018, Bitcoin fell 84% from its peak. The cycle after that saw a 77% drawdown. The current retracement? About 53%.
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That's not a small number. And it's not a fringe view — it's basically what the historical data keeps pointing toward when you line up this cycle against the previous two.
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The depth argument is worth unpacking a bit. Each successive Bitcoin bear market has been shallower than the last, which sounds like progress. It probably is, in some ways.
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The 240-day count is important. Bear markets don't just need to reach a certain price level — they seem to need time to fully flush out speculative excess and reset sentiment.
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See also: Bitcoin Slides Toward $62K While Bear Market Patterns Keep Repeating
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And there's a consolidation piece to this that doesn't get enough attention. Before past Bitcoin bear markets ended, prices didn't just fall to a low and bounce.
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So what does a bottom actually look like? Unclear. The analyst watching this cycle didn't give a clean answer, and that's probably honest.
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Here's the other side of the argument, and it matters. The analyst watching this cycle said the current bear market phase is pivotal — not just as a painful correction, but as…
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The shallower retracement in this cycle could mean Bitcoin's market dynamics are shifting. Institutional participation has grown.
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Related: On-Chain Signals Point to Whale Caution as Bitcoin Dips
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