$BTC is sitting ~45% below its $126k high. 📉
It’s uncomfortable — but context matters.
Looking back at max drawdowns across cycles, there’s a clear pattern: as Bitcoin matures, the crashes get less brutal.
• 2011: -93% — caos puro na fronteira
• 2014: -86% — fallout do Mt. Gox
• 2018: -84% — estouro da bolha ICO
• 2022: -77% — desmonte de alavancagem
• 2026 (até agora): -45%
Cada ciclo esculpe um fundo mais raso.
If that trend holds (not guaranteed), a ~-70% drawdown would align with a maturing market — putting downside risk into perspective rather than panic mode.
So now comes the real debate:
Is ~$67k already the floor… or is this just the first chill before a colder phase? ❄️
🧵👇