This Bitcoin bear market has lasted 237 days, making it the fourth longest in history, but with the smallest percentage drop compared to previous bear markets

BlockBeats News, June 28th - According to the latest research by CoinGecko, Bitcoin has experienced a total of 7 bear markets since 2014. CoinGecko defines a bear market as a period where Bitcoin's closing price has stayed below the 200-day Simple Moving Average (SMA) for more than 30 consecutive days.

The data shows that as of June 28, 2026, the current 2025-2026 bear market has lasted 237 days, making it the fourth longest in history. Bitcoin retreated from its all-time high around $124,800 in January 2025 to about $58,115 on June 25, with a peak-to-trough decline of 53.43%, the smallest among all bear markets.

CoinGecko believes that the relatively moderate decline in this bear market may be attributed to increased institutional participation, maturing market infrastructure, and macro factors such as interest rate fluctuations and AI-driven fund flows. In contrast, the three bear markets triggered by major industry events in 2014-2015, 2018-2019, and 2022-2023 saw peak declines ranging from 76.7% to 83.6%.

CoinGecko points out that historical data indicates Bitcoin typically takes 65 to 166 days to reclaim the 200-day moving average after confirming a local bottom. If the June 25th low holds, it could potentially retest this average by late August this year, but a further extension of the recovery period is not ruled out.