Bitcoin, trading around 88,543 USD, has seen a 55% drawdown from its peak. Historical trends indicate that bear market prices often align with the realized price, and despite the current downturn, no significant industry collapses have occurred.
Julio Moreno anticipates Bitcoin to bottom between 56,000 USD and 60,000 USD in the next year, indicating a more stable bear market. Institutional demand is bolstering market stability, contrasting with previous downturns marked by significant crashes.
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