Bitcoin sees second-longest bull market drawdown with BTC price ‘stuck’ at $30K
It’s now three months since the last (BTC) all-time high, but one measure suggests that holders may be waiting even longer for the next.
In a series of tweets on July 17, analytics service Ecoinometrics revealed that this year’s descent from all-time highs is the second-longest in Bitcoin bull market history.
Bitcoin drawdown comparison graphic. Source: Ecoinometrics/ TwitterFlows to Bitcoin entities with less than 1 BTC vs. annotated chart.
Source: Willy Woo/ Twitter
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