Mar 28, 2026
Where Is Bitcoin’s Bottom After a 53% Decline? On-Chain Data and Historical Cycles Have the Answer
BitcoinBitcoin Bear MarketBitcoin cycle bottomBitcoin Support LevelsBTC Price AnalysisCrypto Market 2026on-chain analysisshort-term holder datawhale cost basis
TLDR: Bitcoin has dropped 53% from its October 2025 peak, trading near $66,000 as of late March 2026. Historical bear cycles saw drawdowns of 77–84%, placing the current 53% decline short of prior lows. New whale cost basis at $82,800 creates heavy overhead resistance, making sustained recovery structurally difficult. The macro support floor sits at [...]
The post Where Is Bitcoin’s Bottom After a 53% Decline? On-Chain Data and Historical Cycles Have the Answer appeared first on Blockonomi.
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