📊 DATA: 103 Days After the High — Bitcoin Is Only Down 24%

It has been 103 days since Bitcoin reached its all-time high, yet the price is only about 24% below that peak.

In previous cycles, post-ATH periods were typically marked by:

Widespread panic

Aggressive sell-offs

Rapid 50–80% drawdowns

But this cycle looks different.

🟠 What the Data Is Telling Us

No signs of aggressive distribution

Selling pressure weakens quickly at lower levels

Long-term capital continues to absorb available supply

Bitcoin is no longer behaving like a purely short-term speculative asset. Market structure has evolved due to:

Spot Bitcoin ETFs

Direct institutional participation

Shrinking liquid supply

🐻 A Question for the Bears

At what point do bears accept that an 80% drawdown isn’t coming this cycle?

And more importantly:

When do they feel forced to buy back at higher prices because the market never gives them the entry they’re waiting for?

History shows:

Markets don’t punish the wrong side the most

They punish those who wait too long to adapt

📌 Conclusion

A 24% correction more than three months after ATH is not a sign of weakness — it’s a sign of resilience.

This cycle does not reward:

Panic

Extreme crash expectations

It rewards:

Patience

Data-driven thinking

Alignment with long-term capital flows

The market doesn’t wait for bears to be ready.

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