CryptoQuant Warns of Extended Bitcoin Downtrend Pressure

Bitcoin ($BTC) is currently under pressure while the market keeps grappling with massive corrections. In this respect, $BTC remains 50% down from its ATH, denoting the extent of the ongoing correction. However, as per the data from CryptoQuant, the flagship crypto asset has experienced more drastic plunges during the previous bear markets. Hence, the market onlookers caution that the prolonged bear market could result in drastic market shifts.

Bitcoin’s -50% Drawdown from ATH Stands Lower Than Former -70% and -80% Plunges

In line with the exclusive on-chain data, Bitcoin ($BTC) still shows a 50% dip from the all-time high price level thereof. While this shows a significant drop, $BTC’s price trajectory in the previous cycles displays more severe downtrends. The most prominent drawdowns among them take into account -80% and -70%. Even then, the real concern at the moment appears to be the persistence of the bearish sentiment.

Specifically, between the years 2011 and 2026, Bitcoin ($BTC) went through 5 key downturns. They took place in June 2011, November 2013, December 201, October 2021, and October 2025. The respective periods witnessed $BTC’s price corrections from the euphoric tops, between -50% and -80%. So, the bear market of 2011 pushed Bitcoin down from its early price highs, while the downturn between 2013 and 2015 saw an extended decline, testing investor patience.

Following that, the 2017-18 correction came after $BTC’s spike to almost $20K, with losses surpassing -80% ahead of the start of recovery. More recently, the bear market between 2021 and 2022 highlighted an analogous pattern as $BTC took a steep dip after surging above $69K. Keeping such hefty slumps, the current downturn is relatively milder while the potential changes in the near term could define the further trajectory.

Extended Bearish Sentiment Challenges Flagship Crypto Asset’s Resilience

According to CryptoQuant, while Bitcoin is changing hands at $65.529.27 with 8.52% decline over the past 24 hours, the current market outlook shows the possibility of further drawdowns. However, time capitulation poses a bigger threat as the exhaustion of the investor confidence could put a negative impact on the market integrity. Ultimately, $BTC’s the growing bearish momentum will test $BTC’s resilience in terms of the extent of its plunge and how long it persists.