According to this guy—Glassnode's Chief Research Analyst @CryptoVizArt, we’re still far from the bottom. When Bitcoin’s price falls below the TMM (True Market Mean), this has happened 10 times since 2016, and each time it’s been accompanied by significant negative impacts: 1️⃣ 2018–2019 Bear Market: Max drawdown -57%, lasted 282 days 2️⃣ March 2020 COVID Crash: -40%, lasted 49 days 3️⃣ 2022–2023 (Post-Luna/FTX events): -56%, lasted 339 days 4️⃣ Current situation (as of April 16, 2026): • Bitcoin first fell below TMM on January 31, 2026 • We’re now on Day 75 • Max drawdown: -20% • Performance since breaking below: -5% Conclusion: The current drawdown is milder than the historical average, and 75 days is still early—major bear markets like 2018 and 2022 typically didn’t bottom out until months 5–9.