Bitcoin Price Drop Looks Mild Despite 51% Bear Market Drawdown
The post Bitcoin Price Drop Looks Mild Despite 51% Bear Market Drawdown appeared on BitcoinEthereumNews.com. Key Insights CoinGecko says the current Bitcoin bear market is the mildest on record, with a 51.2% decline. Market analyst CW says Bitcoin whales are buying both spot and futures during the pullback. Crypto Patel says Bitcoin’s bearish quarterly close puts focus on the $36,000 support level Bitcoin price drop has reached 51.2% from its all-time high, but new data from CoinGecko shows this is still the smallest bear market decline in Bitcoin’s history. At the same time, some market watchers say large holders are buying, even as the market remains under pressure. Bitcoin Price Drop is Still Smaller Than Past Bear Markets Bitcoin price drop in the current market has reached 51.2% from its record high of $124,773. Even though that is a big fall, fresh data from CoinGecko shows the decline is still smaller than every major bear market that came before it. CoinGecko compared the curre