The 2024 uptrend has also experienced relatively shallow
drawdowns compared to previous bull markets. The
deepest correction since November 2022 has seen prices
pull back by -20.3% from the local high. Previous cycles
have experienced much deeper corrections ranging from
-25% to -35% in 2016-17 and as deep as -50% to -63%
during the 2020-21 cycle.
As the Bitcoin market grows in size and sees wider
institutional adoption, many analysts expect the profile of
volatility, returns and drawdowns to compress over time.
