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.
