Finance

Bitcoin sees second-longest bull market drawdown with BTC price ‘stuck’ at $30K By Cointelegraph

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/ Twitter
Flows to Bitcoin entities with less than 1 BTC vs. annotated chart. Source: Willy Woo/ Twitter