The recent price correction in Bitcoin has caused it to drop 16% below its all-time high. While this dip is larger than the average drawdown in the current cycle, it is still far from the maximum drawdown. Despite the crash, Bitcoin remains relatively stable compared to previous cycles, with lower volatility. This stability is attributed to Bitcoin's maturation as an institutional asset. Despite the current correction, Bitcoin has experienced significant growth since its cycle low in January 2023. However, the current price performance may seem modest compared to previous bull runs, but it is still impressive given the market's maturity and stability. Bitcoin is currently struggling to recover from the drop, and on-chain analysis suggests that there is a risk of lower lows unless it quickly surpasses $92,500.



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