Bitcoin (CRYPTO: BTC) dropped roughly 50% from its October all-time high instead of the 80%-90% crashes seen in previous cycles, signaling market maturation, though Bloomberg’s Mike McGlone still predicts a fall to $10,000.
The Shrinking Crash Pattern
Bitcoin crashed 87% from $1,163 to $152 after the 2013 peak and 84% from $20,000 to $3,122 in 2017.
This cycle, the decline from October’s $126,200 has been closer to 50%—a compression reflecting deeper liquidity and institutional participation.
“Bitcoin’s drawdowns compressing to about 50% is a sign of a maturing market structure,” said Jason Fernandes, AdLunam co-founder.
“As liquidity deepens and institutional participation increases, volatility compresses on both the upside and downside,” he added.
Fidelity Digital Assets analyst Zack Wainwright noted growth is becoming “less impulsive” with reduced extreme downside …