Hmm, this is another piece of trivia... Completely counterintuitive...

BTC has fallen from $126,000 in October last year to around $67,000 now. A 47% drop.
It sounds terrible, but this is actually the weakest bear market in BTC history.
In previous bear markets, the average decline was 80%, with the smallest decline being 72%. By that standard, we might have only fallen halfway.
But the most outrageous part isn't the decline percentage. It's that nothing has exploded in this bear market.
No FTX, no Luna, no Three Arrows Capital, no exchange bankruptcies, no stablecoin de-pegging. All the typical crash scenarios you can think of haven't happened.
Wall Street's veteran research firm Bernstein calls this "a self-inflicted confidence crisis." It means: no one messed up; the market just scared itself into a bear.
Believers in four-year cycles think it should fall, so it falls. The media thinks it should write obituaries, so it does.
Then I found an even more outrageous data point—
Coinbase and Glassnode conducted an institutional investor survey, where 26% of institutions say we're in a bear market. But in the same survey, 62% of institutions have increased their positions or at least maintained their long positions over the past few months. 70% believe BTC is undervalued.
Saying bear market, but increasing holdings.
The Fear & Greed Index is at 11, similar to when FTX blew up. But back then, something really did explode; this time, nothing has.
BTC has been down for five consecutive months now, starting from October last year. This is the longest monthly decline since 2018. ETF funds have been continuously flowing out, but the outflow rate is sharply slowing — from $3.48 billion in November to just over $200 million in February, a 94% decrease.
Honestly, I don’t even know what to make of this.
-- Fell 47% but is the weakest in history,
-- Nothing exploded but the fear index is as low as during FTX,
-- Institutions call for a bear but are adding to their positions, ETF outflows are decreasing.
All signals are contradictory.
Maybe this is the most unique aspect of this cycle: not a crash, not a frenzy, but everyone standing still, unsure of which way to go.
Historically, those who bought after a decline of over 50% have a 90% success rate after one year, with a median return of 95%.
Of course, history doesn’t guarantee anything. But at least it shows one thing: the weakest bear market doesn’t necessarily give you the worst outcome. $BTC