Market News / Story
Bitcoin's Rebound Isn't as Strong as It Seems: Watch These Warning Signs
Benzinga ·
Benzinga reports: Bitcoin may not be as strong as it looks at first glance, according to a new Binance Research report published Monday. Bitcoin’s Drawdown Looks Smaller but It Isn’t Binance Research analysts Kim Lim, Ken Lam and Kexin Liu wrote that Bitcoin’s current drawdown of 54.2% looks much milder than the 86.9%, 84.1% and 77.6% declines in the three prior bear markets. The analysts say that comparison is misleading, because each cycle’s volatility has also fallen, from 99% in 2013 to…