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Bitcoin's current 34.8% drop is milder than past cycle declines of over 70%.

Market News
29 Oct 2026, 23:48 WIB
Tokenpost
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Bitcoin's current 34.8% drop is milder than past cycle declines of over 70%.

Glassnode founder Rafael compared Bitcoin's price drop 13 months after cycle peaks in 2013, 2017, and 2021 to the current cycle. He found the current 34.8% decline is significantly less severe than previous drawdowns of 71.0%, 79.5%, and 74.6%. This suggests the current Bitcoin cycle may be experiencing a milder correction compared to past cycles, though the exact age of the current cycle at this measurement is not established.

Bitcoin's current drawdown of 34.8% is notably less severe than past cycle declines, according to Glassnode founder Rafael. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 30, 2026 03:41 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell. Notable price changes include BAL up 11.14% at Rp16.297, VET down 9.97% at Rp106 with 62% sell order activity, and DOT down 9.50% at Rp16.762 with 95% buy order activity.

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