#Bitcoin has only fallen about 45% from its all-time high (ATH), significantly lower than previous declines.


After approximately 171 days since its peak, BTC is trading around -45%, while:
• The 2018 cycle bottomed out at -83% after approximately 365 days.
• The 2022 cycle bottomed out at -77% after approximately 375 days.
This suggests that, using history as a reference, the current market is still in a revaluation/capitalization phase, but the correction has been "milder" thanks to the participation of Spot ETFs, institutional capital flows, and a more mature market structure.
A deeper downturn also means a faster recovery when returning to macroeconomic factors.
BTC-0.07%
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