Bitcoin Still Far from the All-Time Low of the Entire Downtrend

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According to data from CryptoQuant, the current situation shows that BTC has not yet reached the typical decline levels that analysts usually observe in previous correction cycles. Bitcoin’s price is currently trading at $67.59K, but the gap from its all-time high remains significant.

Bitcoin Drawdown Not Yet Typical

In past market cycles, analysts often mark a typical decline ranging from -70% to -80% from the previous peak. This is considered a hallmark of a complete correction in the Bitcoin market.

However, data from CryptoQuant indicates that the current decline level remains moderate and has not yet reached the typical levels historically observed.

Bitcoin Price Still Far from All-Time High

According to a report from Odaily, Bitcoin is currently trading about 46% below its all-time high (ATH at $126.08K). Although there have been significant declines, this gap does not yet reflect the typical decline investors and analysts often expect.

This suggests that the Bitcoin market may still be seeking a new equilibrium, and the typical level of decline may not yet be complete. Market data will continue to be an important indicator to monitor the next developments of Bitcoin.

BTC-2,61%
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