Bitcoin : From -85% to -53%, Corrections are Shrinking

The major bitcoin corrections are losing magnitude. They have gone from about 85% in the early cycles to 84%, then 77%, and nearly 53% in the current cycle. Data compiled by Galaxy Research show this progressive compression, even though the 2025-2026 cycle bottom is not yet definitively confirmed.

In brief

Bitcoin absorbs corrections that are less and less deep

The story begins with a fairly clear series. In 2014, bitcoin lost about 85% from its peak. After the arrival of futures and Wall Street in 2017, the next decline still reached 84%. The 2020-2021 market welcomed Strategy, Tesla, and new institutional investors. Bitcoin then corrected by about 77%.

The current cycle stops for now around -53%. It was already noted in February that the on-chain signals remained consistent with the four-year cycle, despite a different market structure. Between -85% and -53%, the gap reaches 32 percentage points. Proportionally, the current correction is nearly 38% less deep than that of the first major cycle considered.