How Does Current Bitcoin Rally Compare With Historical Ones?

How Does Current Bitcoin Rally Compare With Historical Ones?

Here’s how the current Bitcoin rally stacks up against the previous ones in terms of the drawdowns it has experienced so far.

The Current Bitcoin Rally Has Seen A Peak Drawdown Of -18.6% So Far

In a recent tweet, the on-chain analytics firm Glassnode compared the latest Bitcoin rally with the ones seen throughout the entire history of the cryptocurrency.

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Generally, rallies are compared using metrics like the percentage price uplifts recorded during them or the amount of time that they lasted (which may be measured in terms of the blocks produced, as is done when looking at cycles in terms of halvings). Here, however, Glassnode has taken a different approach that provides a new perspective on these rallies.

The comparison basis between the price

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