There's a narrative gaining serious traction on Twitter right now claiming that Bitcoin hasn't hit rock bottom yet, given that BTC typically sheds 70-80% from its all-time highs. There are tons of posts and charts pointing to this.

Every cycle peaks and then gives up the lion's share of its gains:
→ 2017 Peak: $19,000 – followed by an 84% drop
→ 2021 Peak: $69,000 – followed by a 77% drop
→ 2025 Peak: $126,000 – with a maximum drawdown of 51% so far