This month now ranks as Bitcoin’s weakest monthly performance since June 2022

Historical monthly returns show that drawdowns of this magnitude are rare and typically align with periods of market stress or capitulation.

In previous instances 👇🏻

including June 2022, May 2021 and March 2020 similar declines marked significant reset points in the cycle

The data places the current month firmly within that category, making it one of the deepest monthly contractions in recent years.