Bitcoin historical drawdown chart.

If you only look at the results, BTC has been one of the strongest assets over the past ten-plus years.
But if you look at the process, BTC is also one of the most brutal, high-volatility assets.
94, 312, 519, LUNA, FTX…
For newcomers, these names may just be a few historical events.
But veteran “old weeds” know just how brutal the market was back then:
Instant sell-offs, exchange outages, on-chain congestion, and a domino effect of liquidations from leverage…
Throughout history, BTC has repeatedly suffered drawdowns of more than 50%.
In several typical bear markets, the maximum drawdown often even reached the -75% to -85% range.
So, for ordinary people, what truly matters isn’t accurately predicting every top and bottom, but:
Managing your positions, staying away from high leverage, understanding the cycles, and making it through the bear market.
Because in the crypto world, being able to stay and last long-term is a skill in itself.