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Glassnode Glassnode @glassnode · 44.1K subscribers
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📊 Bitcoin Market Cycle Update

Current ROI:
Here's how #Bitcoin’s ROI since cycle low compares to the last two cycles so far:

🔸 2015-2018: 5.90x
🔸 2018-2022: 10.47x
🔸 2022+ (current): 5.98x

The current cycle is 26.94% below the average ROI of the last two cycles (8.18x), highlighting the challenges of sustaining exponential growth as liquidity needs increase.

Bull Market Volatility:
Here’s how this bull market’s corrections compare to the previous cycles:

Average Drawdowns:
🔹 2022+: -7.68%
🔹 Overall: -16.24%

Max Drawdowns:
🔹 2022+: -26.25%
🔹 Overall: -71.15% (2011-2013)

This cycle stands out as the least volatile, with the mildest corrections compared to its predecessors.

Bitcoin’s evolution continues, balancing reduced volatility with steady growth as the market matures and becomes more institutionalized. 📈
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