Bitcoin is trading 32% below its $126,000 peak from a year ago, according to Layah Heilpern. That is far less severe than the 77%-85% drawdowns seen in past cycles, raising the question of whether this cycle is different or risk is being underestimated.
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Bitcoin is trading 32% below its $126,000 peak from a year ago, according to Layah Heilpern. That is far less severe than the 77%-85% drawdowns seen in past cycles, raising the question of whether this cycle is different or risk is being underestimated.
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