Bitcoin is outperforming previous bear markets.
At the same stage of the Bitcoin bear market:
- drops by 40% in the current sequence.
- down 80% in the bear market of the 2nd halving cycle.
- decreased by 65% in the bear market of the 1st half-cycle.
You can thank weakening financial conditions and the narrative surrounding Bitcoin ETFs for this.
In the last two bear markets, it took Bitcoin 1,000 days to return to its all-time high.
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