This shallower decline isn’t limited to the one-year anniversary. The bear market itself has been milder with past downturns seeing prices plummet 77% to 85%. Bitcoin is down 32% a year after its record high – far shallower than the 70%–82% declines seen a year after previous cycle peaks. Institutional ETF flows, reduced leverage and lower volatility are reshaping bitcoin’s cycle. Analysts warn that hence forth bull runs may be more measured as well. At the same time, shallow correction does no…
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