📉 Since yesterday’s session alone, which saw BTC drop by 6.6%, we are now witnessing the largest drawdown of this cycle.
💥 From the latest all-time high around $126,000, BTC has now undergone a 36.9% correction, marking the deepest pullback of the current cycle.
That said, this cycle still remains the one with the mildest corrections so far.
For comparison, once BTC has entered a bear market, the total drawdown in each past cycle has always exceeded 75%.