The cycle that tested even the strongest hands. From $69,000 in November 2021 to $15,800 in November 2022 — a -77% drawdown. But recovery was faster than previous cycles.
-77%
365 days
480 days
Bitcoin reaches $69,000. Everyone expects $100K by year end. ETF rumors peak. Maximum euphoria.
LUNA collapse triggers market contagion. Bitcoin breaks below $30K support. First major panic selling wave begins.
FTX collapse creates final capitulation. Bitcoin bottoms at $15,800. Maximum fear. Maximum pain. Maximum opportunity.
Slow, grinding recovery. Banking crisis helps Bitcoin. ETF rumors return. Most retail has given up. Institutions accumulate.
Bitcoin breaks above $69K. Cycle recovered!Total time: 845 days (2.3 years) from peak to full recovery.