After gold and silver, the crypto market also suffered a brutal crash! Overnight, the market cap evaporated by more than $500 billion. In the past three days, the total liquidation of leveraged long and short contracts reached $5 billion. BTC plunged 13%, wiping out nearly $265 billion in market cap; ETH dropped 25%, shrinking its market cap by $91 billion; XRP fell 22%, losing $24 billion in market cap; SOL crashed over 23%, reducing its market cap by $16 billion. So, how much does BTC need to drop to hit the bottom? How long will it take to recover and hit a new high? - 2011-2013: Peak at $32 → retraced 94% to $2 → broke previous high in 10 months - 2013-2017: Peak at $1,150 → retraced 86% to $200 → broke previous high in 3 years - 2017-2020: Peak at $20,000 → retraced 84% to $3,200 → broke previous high in 3 years - 2021-2024: Peak at $69,000 → retraced 77% to $15,500 → broke previous high in 2 years and 4 months - Current peak at $125,000 → retraced about 40% to below $76,000 → hasn’t broken previous high yet.