Bottom in? “All” on-chain metrics at all-time lows

It’s been 342 days since BTC reached its all-time high, with BTC having seen a drawdown of 70% from its peak, with a max drawdown of 74% amid the contagion collapse and most on-chain market indicators signal that the bottom is already in.
Source: Tradingview (Bitstamp)

It’s been 342 days since BTC reached its all-time high, with BTC having seen a drawdown of 70% from its peak, with a max drawdown of 74% amid the contagion collapse. While history is unlikely to repeat, the two previous major bear markets in BTC might provide some insights regarding the longevity of the current bear market. During the 2018 bear market, BTC saw a max drawdown from peak to trough of 84%, lasting 364 days, while the 2014 cycle lasted longer, bottoming after 407 days. Both bottoms were followed by unusually low volatility.

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