Bitcoin has experienced a significant decline in price, dropping by 16% from its all-time high. However, despite this correction, the current market cycle for Bitcoin is showing less volatility compared to previous cycles. Historical data shows that previous bull cycles saw more severe drawdowns, indicating a more developed market structure for Bitcoin. Factors contributing to this include the boom of Bitcoin ETFs, increased adoption, and growing institutional adoption. The current cycle, while experiencing a notable correction, is still within the range of typical drawdowns seen in bull cycles. Overall, the performance of Bitcoin in this cycle suggests a more tempered upward trajectory compared to previous cycles.



Other News from Today