Bitcoin drops nearly 50% from its $126,000 peak in October 2025, hitting levels last seen before the latest cycle rally.
Bitcoin slid below $60,000 in June, marking its lowest level since October 2024. The decline extends a nearly 50% drawdown from its all-time high of $126,000 reached in October 2025.
Historical patterns suggest Bitcoin follows a four-year cycle of three strong years followed by one sharp correction. Previous cycles in 2011-2014, 2015-2018, and 2019-2022 followed this trend, with recoveries often emerging after steep declines.
Market sentiment remains cautious, though some analysts view the current dip as a potential bottom for the cycle.