In previous bull and bear market cycles, the maximum drop exceeded 70%. The 2025 bull market saw BTC reach a high of $126,000. A 30% drop would have resulted in: $8,200 (already broken) ✔ A 40% drop would have resulted in: $75,600 (already broken) ✔ A 50% drop would have resulted in: $63,000 (not reached) A 60% drop would have resulted in: $50,400 (not reached) A drop below 70% would have resulted in: $37,800 (not reached) If the historical cycle continues, a 60% drop is very possible. At that point, it would already be at $50,000. If the cycle continues, a 60% drop followed by a rebound could break through $100,000, and $200,000 would be a very real possibility.