📉 BTC Historical Drawdowns: Key Insights
Over 14 years, Bitcoin bear cycles have dropped at least 75% from peaks, though each bottom tends to be less painful.
📊 Current Cycle Projection: Potential bottom around $38,000 (based on past cycles, not a forecast).
⚡️ But markets have changed: ETFs, institutional demand, and new liquidity structures could disrupt historical patterns—or reinforce them.