Mmastodon BusinessCrypto first seen 16 h ago, last 16 h ago, peak #4
Bitcoin's 54% drop may be shortest bear market on record
Original: 📉 Kürzester Bärenmarkt der Geschichte? Mit -54 % Korrektur (126k $ ➡️ 57.8k $) in 268 Tagen war der jüngste BTC-Rücksetz
Bitcoin fell 54%, from $126,000 to $57,800, over 268 days, a correction some analysts are calling the shortest bear market in the cryptocurrency's history. According to the analysis circulating, new lows below $58,000 or crashes down to $30,000 are now considered off the table, suggesting the market has already moved past its low point.
Why now: Crypto traders are debating whether the recent 54% correction marks a historic bottom and the end of the bear cycle.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1235761