Is This Bitcoin Bear Market Different? Analysts Weigh In
Bitcoins current bear market drawdown of around 36% from its ATH is shallower than historical cycles, which saw 40–50% declines.ETF inflows and corporate treasury accumulation have introduced structural demand that analysts say is reshaping how Bitcoin cycles play out.One analyst noted that similar conditions—above True Market Mean and STH cost basis—preceded bear market resumptions in 2014, 2018, and 2022. Bitcoins recovery over the past few weeks has led to shallower losses than any previous on record, leading analysts to believe that the cycle may have permanently changed—though not all are convinced the old playbook is dead. The leading crypto has retreated roughly 36% from its October all-time high of $126,080, trading at around $80,500 at the time of writing, according to CoinGecko data. That retracement is higher than past bear markets, which have historically seen drawdowns of 40% to 50% from cycle peaks. That shift is happening due to Bitcoins recent recovery. It is up 12.5% over the past 30 days, but the bulk of the bounce concentrated between April 1 and May 6, which pushed up approximately 22%. “The fourth bitcoin bear market has materially decoupled from past cycles, for now,” Pierre Rochard, CEO of The Bitcoin Bond Company, tweeted Tuesday, attributing the