Bitcoin Experiences 11% Price Drop, Considered Modest by Analysts

Bitcoin has dropped 11% from its all-time high, with current trading at $85,800. This decline is less severe compared to historical corrections, where Bitcoin experienced multiple drops of over 10%. Key points include:

Between January 2012 and December 2017, Bitcoin's value dropped over 10% on at least 13 occasions.
The current cycle shows lower volatility than previous bull runs.
Recent data indicates an average drawdown of 8.50%, significantly below the 26% seen in prior cycles.
Market conditions as of February 27, 2025: intraday high of $89,230 and low of $82,460.
Analysts suggest recent price movements are typical for Bitcoin's market behavior.

Factors contributing to the recent decline include:

Investor sentiment and panic selling following the Bybit hack, resulting in $1.5 billion in losses.
Concerns over inflation and central bank policies affecting risk appetite.
Global economic uncertainty impacting market confidence.

Unless Bitcoin recovers above $92,000, it may experience further declines towards $70,000 or lower.