Bitcoin Market Performance Analysis
Recent data shows Bitcoin’s price has dropped around 50% from its all-time high, but hasn't reached the typical 70-80% drawdown seen in past bear markets.
CryptoQuant Market Insights
CryptoQuant highlights that selling pressure during this downturn is notably lighter compared to previous cycles, suggesting investor sentiment hasn't fully deteriorated.
Reasons Behind Market Resilience
- Institutional holding levels rising
- Stabilizing macroeconomic environment
- Ongoing tech advancements driving adoption