header-langage
简体中文
繁體中文
English
Tiếng Việt
한국어
日本語
ภาษาไทย
Türkçe
Scan to Download the APP

Opinion: Bitcoin's drop of over 30% from its all-time high is considered a normal fluctuation, as it has previously dropped over 55%.

BlockBeats News, December 4th, according to CNBC's report, the price of Bitcoin recently dropped by about 36% from its an all-time high of $126,000 to below $81,000, but data shows that this magnitude of pullback is considered a common occurrence in Bitcoin's history. Currently, the Bitcoin trading price has rebounded above $93,000, a drop of about 26% from the all-time high.


The data shows that in the Bitcoin cycles of 2021 and 2017, similar or even larger pullbacks have occurred multiple times. Historical data indicates that after such a pullback, the price usually bounces back to new all-time highs. In 2021, Bitcoin experienced a drop of over 55% from April to June, followed by a rebound to a new high in November of the same year.


Jacob Joseph, Senior Research Analyst at CoinDesk Data, stated that based on past cycles, this level of volatility is consistent with the long-term trend. In this current cycle, Bitcoin has experienced a 32.7% retracement from March to August 2024, and a 31.7% decline from January to April 2025. Lucy Gazmararian, Founder of Token Bay Capital, mentioned that the recent price volatility is related to the largest forced liquidation event in crypto history.

举报 Correction/Report
Correction/Report
Submit
Add Library
Visible to myself only
Public
Save
Choose Library
Add Library
Cancel
Finish