A move like that feels unprecedented — but historically, it’s actually very normal for .

Let’s break this down calmly 👇

📉 A 49% Crash Is NOT New for Bitcoin

Bitcoin has seen:

–93% (2011)

–85% after the collapse (2014)

–84% in 2018 after the ICO bubble

–50% in one day during the March 2020 COVID panic

–77% in 2022 from $69K to $15.5K

So a 49% drawdown, while painful, is historically mid-cycle behavior for BTC.

🤔 “No Relief Rally” — Is That True?

In prior bear phases, Bitcoin has had:

Long grinding downtrends

Small fake breakouts

Weeks or months of low volatility before the next move

Sometimes the “relief rally” doesn’t feel like relief because:

Liquidity is thinner

Leverage gets wiped repeatedly

Large players sell into strength

🔎 What Might Actually Be Different?

There are structural differences in this cycle:

Institutional dominance – Spot ETFs and large funds change order flow behavior.

Derivatives control price action – Perpetual futures and funding mechanics now heavily influence short-term moves.

Macro sensitivity – BTC now reacts strongly to interest rates, liquidity, and global risk sentiment.

Faster liquidation cascades – Leverage unwinds are more violent than in early cycles.

If you’re referencing an October 10 liquidation event, large cascades can suppress bounces because:

Market makers widen spreads

Funding flips negative for extended periods

Confidence drops sharply

But that’s not structural death — it’s positioning reset.

🧠 Important Perspective

Bitcoin has always looked broken at:

$2

$200

$3,000

$15,000

Every cycle has a moment where people say:

“This time is different.”

Usually it’s not different — just painful.

If you're feeling shaken, that’s completely normal.

Are you worried as a long-term holder, or are you trading leverage right now?