{"id":125081,"date":"2025-03-14T14:17:33","date_gmt":"2025-03-14T14:17:33","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125081"},"modified":"2025-03-14T14:17:33","modified_gmt":"2025-03-14T14:17:33","slug":"worst-crypto-cycle-ever-community-and-history-say-otherwise","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125081","title":{"rendered":"Worst crypto cycle ever? Community and history say otherwise"},"content":{"rendered":"

Source: Cointelegraph.com NewsThe cryptocurrency market has faced a significant downturn since the start of 2025, with some investors calling it the most painful cycle in history.
\nSome were disappointed about industry policy changes and the memecoin craze in the United States, while others even speculated about talent leaving the sector for other industries.
\nHowever, while the current crypto market state might look grim to some, the current cycle is far from being the most brutal on record, and many community members remain bullish.
\n\u201cFor those who have been through multiple cycles, this is just part of the process,\u201d Trezor analyst Lucien Bourdon told Cointelegraph.
\nThe post-Trump inauguration sale
\nThe current decline in crypto markets came after Bitcoin (BTC) reached an all-time high above $106,000 in December 2024, with the spike largely\u00a0attributed to optimism\u00a0around Donald Trump\u2019s victory in the US presidential election.
\nWhile many were optimistic, some investors, such as BitMEX co-founder Arthur Hayes, accurately predicted a crypto sell-off following Trump\u2019s inauguration on Jan. 20.
\nBitcoin price chart since October 2024. Source: CoinGeckoSince then, Bitcoin has tumbled more than 18%, with the total crypto market capitalization erasing almost all gains that came from Trump\u2019s election win, dropping 25%.
\nIn the post-Trump inauguration sale, investors offloaded about $4.6 billion from crypto exchange-traded products by March 7, while the spot market saw even more outflows, with at least $1 billion in liquidations in a single day on March 3.
\nWhat was the most brutal crypto sell-off in history?
\nBut the most recent sell-off is not the worst on record. \u201cIf we\u2019re talking about the worst Bitcoin cycle, 2014\u20132015 was possibly the most brutal,\u201d Trezor\u2019s Bourdon told Cointelegraph.
\nReferring to the collapse of the Mt. Gox crypto exchange, which suffered an 850,000 BTC loss in a security breach in 2024, the analyst highlighted the event as the worst Bitcoin sell-off on record.\u00a0
\nBitcoin price chart in the period from July 2013 to July 2016. Source: CoinGecko\u201cThe Mt. Gox collapse wiped out 70% of Bitcoin\u2019s trading volume, leading to an 85% drawdown in a market with no institutional support and far less liquidity,\u201d Bourdon said.
\nMore than just falling prices
\nAccording to Brett Reeves, head of BitGo\u2019s European sales, there is a \u201cgreat deal more to just falling pieces\u201d in the current market.
\nIn addition to bigger price downturns in the past, Reeves highlighted notable advancements in global crypto products and regulation, which point to crypto assets increasingly becoming integral to the international financial system. He said:
\n\u201cWhile prices may be crashing for now, we must remember how far we\u2019ve come in a short space in time and just how much potential this space has in the years ahead.\u201d
\nContrary to crypto doubters and pessimists, some industry executives even see the current market cycle as a bull market.
\nRelated: EU retaliatory tariffs threaten Bitcoin correction to $75K \u2014 Analysts
\n\u201cI actually think it\u2019s the best,\u201d Quantum Economics founder Mati Greenspan told Cointelegraph, adding:
\n\u201cWhat sets this bull market apart from previous crypto bull runs is that it\u2019s the first time we\u2019ve seen prices rising over time that is not accompanied by copious money printing. This pullback is a short-term pain that will enable long-term gain.\u201d
\nAccording to crypto analyst Miles Deutscher, terms like \u201cbull market,\u201d \u201cbear market,\u201d \u201ccycle,\u201d or \u201caltseason\u201d are not even suitable for the current market situation.
\nSource: Miles Deutscher\u201cThis is a different market now,\u201d he said in an X post on March 13.
\nMagazine: Trump-Biden bet led to obsession with \u2018idiotic\u2019 NFTs \u2014Batsoupyum, NFT CollectorRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsThe cryptocurrency market has faced a significant downturn since the start of 2025, with some investors calling it the most painful cycle in history. Some were disappointed about… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125081"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125081"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125081\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125081"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}