BITCOIN’S DROP IS UNLIKE PAST CRASHES

#bitcoin major drop this year is only the 4th in its history and the FIRST without an industry collapse.

Past annual declines came from:

• Mt. Gox collapse 2014: −57.5%

• ICO bubble burst 2018: −73.8%

• FTX meltdown 2022: −64.3%

This year's loss makes it unusual, signaling a shift in investor behavior rather than panic from an event.