Let's share with everyone about Bitcoin. From 2008 to now in 2026, across four bull markets, the historical depth of each correction during these bull cycles, providing a realistic assessment. From the bull market phases, whether partial or at the peak, the maximum decline in each:
1. 2011 First Bull Market
⚠️ Peak: $33, Low: $2
⚠️ Maximum Drawdown: approximately 94%
Core characteristics: Very early stage of the market, only early adopters involved, extremely poor liquidity, severe corrections, no reference value
2. 2013 Second Bull Market
⚠️ Peak: $1150, Low: $150
⚠️ Maximum Drawdown: approxi
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