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Just saw an interesting take on Bitcoin's price floor. An analyst was breaking down how if BTC ever dropped to $40k, it would actually be a statistically wild move given where we've been trading. That's the kind of crypto bear scenario that sounds extreme on paper, but the numbers supposedly show it's rarer than you'd think.
The whole thing got me thinking about how crypto bear markets work. Like, we've had plenty of pullbacks and corrections, but hitting those kinds of lows? The statistical probability is apparently way lower than most people assume. It's one of those things where the data doesn't match the fear narrative.
Obviously we're nowhere near that level right now, but it's a good reminder that even in a crypto bear market, there are usually floors based on historical patterns. Makes you wonder what the actual support levels really are versus what people just assume will happen.