Bitcoin sees second-longest bull market drawdown with BTC price 'stuck' at $30K

Cointelegraph

Published Jul 18, 2021 08:40AM ET

Updated Jul 18, 2021 09:20PM ET

It's now three months since the last Bitcoin (BTC) all-time high, but one measure suggests that holders may be waiting even longer for the next.

In a series of tweets on July 17, analytics service Ecoinometrics revealed that this year's descent from all-time highs is the second-longest in Bitcoin bull market history.

Bitcoin drawdown comparison graphic. Source: Ecoinometrics/ Twitter
Flows to Bitcoin entities with less than 1 BTC vs. BTC/USD annotated chart. Source: Willy Woo/ Twitter

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