📈 The decline of Bitcoin at the end of the year is the smallest in all bull market cycles, indicating signs of maturity

Bitcoin (BTC) has continued to show strong performance in the 2024 bull market cycle, with the smallest decline to date, indicating signs of maturity.

Smaller price range fluctuations: Bitcoin's price has seen smaller fluctuations, with the least pullback, allowing for a quicker rebound. During the bull market in 2024, BTC's price decline was 32%.

Trading price: As of December 23, the trading price of BTC was $96,071.21, recently dropping below $94,000. BTC still maintains a 57.3% dominance, leading over Ethereum (ETH).

The bull market cycle of 2024 started from a low of $16,000, extending to a peak of $108,000. It then retraced below $95,000, but there are no signs of a larger decline.

Bitcoin received support from corporate purchases in the recent bull market cycle, particularly from MicroStrategy (MSTR) and other mining companies.

With ETF buyers entering the game, Bitcoin did not experience a free-fall decline. BlackRock has established one of the largest Bitcoin reserves, whale traders are taking profits at high price levels, but the overall belief is to hold BTC as a reserve currency.

The Bitcoin fear and greed index has returned above 70 points, indicating a bullish outlook in the short term.