Markets· ★★★· neutral·

BitGo: Bitcoin's 54.3% Drawdown Is the Shallowest on Record

  • —BTC's peak-to-trough drawdown was 54.3%, a record low
  • —Four consecutive bottoms barely showed up in on-chain data
  • —BitGo frames the shallow decline as a sign of market resilience
Why it matters: Weak on-chain activity during the drop suggests holders did not sell, but it does not confirm durable demand.
#BTC
Source: Coinfomania
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