Part 8/12:
Examining past bear markets, Bitcoin experienced maximum declines of approximately 78-93%. Current trends, mapped against a trend line spanning over a decade, suggest that the magnitude of future drawdowns might be diminishing. This could imply that the worst of the decline is behind us, and relief rallies may be more subdued than in prior cycles.
Notable News and Trends
Market and Institutional Insights
- Mango Markets Exploit: An alleged hacker returned about $70 million after draining $114 million on Solana-based Mango Markets, claiming the exploit was legal and lucrative. Such incidents, while concerning, also demonstrate the crypto community’s evolving white-hat approach to security issues.