Bitcoin bear market drawdowns have a clear pattern:

2011: -93%

2015: -86%

2018: -84%

2022: -77%

Every cycle, the drawdown gets smaller as the market matures.

Following this trend, the 2026 bottom should be around -70% from the $126K ATH. That puts us at $38K.

Good luck buying your bottom at $69K, $60K and $50K. I’ll see you at $38K.