Bitcoin Bear Market Hits 237 Days With Smallest 53.43% Drawdown
2026-06-28 11:35

Woofun AI data shows that Bitcoin has endured seven bear markets since 2014, defined as periods where closing prices stay below the 200-day Simple Moving Average for over 30 consecutive days. As of June 28, 2026, the ongoing 2025-2026 cycle has persisted for 237 days, ranking as the fourth longest in history. Following a decline from a January 2025 high of approximately $124,800 to $58,115 on June 25, the market recorded a maximum drawdown of 53.43%, the smallest among all previous cycles. This moderate decline contrasts with earlier bear markets triggered by major industry events in 2014-2015, 2018-2019, and 2022-2023, which saw drawdowns between 76.7% and 83.6%. Historical patterns suggest Bitcoin typically requires 65 to 166 days to retest the 200-day moving average after confirming a local bottom. If the June 25 low is confirmed as the bottom, a retest could occur by the end of August, though extended recovery periods remain possible.

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