#0成本拿2股SK海力士 The maximum drawdown of BTC in this bear market is only 53%

Setting the record for the shallowest bear market drawdown in history
While the drawdowns in previous bear markets typically ranged from 77% to 93%
That range represents multiple halvings and re-halvings
The severity of the market conditions far exceeds this round
Behind this data, two core changes are clearly indicated
First, a large amount of institutional capital has entered to support the bottom
Directly causing a systematic long-term decline in BTC's volatility
Making it hard to see the kind of
extreme crashes exceeding 20% in a single day that were common in the past
Second, the underlying structure of the entire crypto market has fundamentally changed
The deep bear market script where liquidity completely dried up in the past
Will become increasingly difficult to repeat in the future.
However, a shallow drawdown should never be directly interpreted as a bullish signal
A small drawdown does not at all mean that the downside space has been exhausted
It simply indicates that during the price decline
there has always been supporting capital coming in to hold the bottom
It is difficult for bears to deliver a single extreme deep drop
In the future, it is likely to adopt a pattern of prolonged sideways grinding
Gradually completing the chip cleansing of the bear market.$BTC