Bitcoin dropped 52% this cycle versus 77% to 90% in every previous cycle, with Fidelity confirming the trend of shrinking drawdowns is structural, driven by institutional holders who do not panic-sell The tradeoff nobody mentions: compressing crashes mean compressing upside. The asymmetric returns that made early Bitcoin holders wealthy came directly from the volatility that … Continue reading Bitcoin’s Crashes Are Getting Smaller. Is That Because It Is Maturing or Because the Real Drop Has Not Happened Yet?