While no one has fond memories of the 2022 crypto winter — with the price of bitcoin falling 80% — the timeline was relatively brief, roughly one year from the blowoff top to the bottom. From there, bitcoin quickly doubled in price, rose through 2023, and ultimately hit a new record in early 2024.

Bitcoin has fallen 40% from its 2025 peak, now trading around $75,000-$77,000, signaling a broader cooling period in the crypto market. Over $2.5 billion in

The strongest bulls take the time to learn the opposite point of view.

“When interest rates increase, fixed-income assets lose value, and investors, knowing that interest rates are easier to predict and may continue to increase, instead of holding a ‘fixed-income’ asset that will lose value in the short term, they cut losses and invest in riskier assets, like Bitcoin,” he said in a recent analysis.

The bitcoin price has plummeted under the closely-watched $80,000 per bitcoin level, sparking fears that a full-blown bitcoin and crypto crash could be looming.

It's about a lot more than "zooming out." Supply overhangs and investor "muscle memory" regarding gold help explain bitcoin's poor absolute and relative performance.

Prediction markets have turned markedly more bearish on Bitcoin following a sharp weekend sell-off that briefly pushed the cryptocurrency below $75,000 on Monday, erasing earlier gains and intensifying concerns about the rally’s durability.

Marginally good news and big bitcoin purchases have yet to move the cryptocurrency in a meaningfully positive direction.

Based on its monster past performance, it makes sense why investors are interested in Bitcoin.