Bitcoin is down ~45% from ATHs.
So why does sentiment feel even worse? Because some people are down ~95%.
Retail skipped bitcoin & chased leveraged proxies loaded with unnecessary risk.
All that bu...
Bitcoin normally drops 80% from its ATH. Also do not forget there are 80% investment capital from hedgefonds, banks etc. When they drop BTC we see the 80% correction or maybe more.