📊 The size of Bitcoin's correction compared to previous cycles.

Bitcoin has now recorded a fairly deep drawdown in the current cycle, trading 23% below ATH *.

*️⃣ ATH is the highest price of an asset of all time .

But the drawdown still remains historically insignificant compared to past cycles.

➗ As you can see from the chart, Bitcoin was trading 60% below its ATH during the pandemic. We can say that now not everything is so bad and because of the negative market, compared to previous crypto cycles .

$BTC #BTC