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This Bitcoin bear market has lasted 237 days, making it the fourth longest in history, but the decline is the smallest of all time.
Data shows that as of June 28, 2026, the current 2025-2026 bear market has lasted 237 days, making it the fourth longest bear market in history. Bitcoin has fallen from its all-time high of approximately $124.8k in January 2025, hitting around $58,115 on June 25, with a maximum drawdown of 53.43%, the smallest decline among all bear markets.
CoinGecko believes that the relatively moderate decline in this bear market may be attributed to factors such as increased institutional participation, the gradual maturation of market infrastructure, and macro influences like interest rate fluctuations and capital flows toward artificial intelligence. In contrast, the three bear markets triggered by major industry events in 2014-2015, 2018-2019, and 2022-2023 saw maximum drawdowns ranging from 76.7% to 83.6%.
CoinGecko points out that historical data shows it typically takes 65 to 166 days for Bitcoin to reclaim the 200-day moving average after confirming a bottom. If the June 25 low holds, it could reclaim this average as early as the end of August this year, but the recovery cycle could also be prolonged further.