Following gold and silver, the cryptocurrency market has also suffered a severe crash! Over $500 billion in market capitalization evaporated overnight. In the past three days, the liquidation of leveraged long and short contracts totaled $5 billion. BTC plummeted 13%, wiping out nearly $265 billion in market capitalization; ETH plunged 25%, losing $91 billion in market capitalization; XRP fell 22%, losing $24 billion in market capitalization; SOL plummeted over 23%, losing $16 billion in market capitalization. So, how much of a drop in BTC would constitute a bottom? How long will it take to recover and reach new highs? - 2011-2013: High of $32 → 94% retracement to $2 → Breaks previous high in 10 months - 2013-2017: High of $1150 → 86% retracement to $200 → Breaks previous high in 3 years - 2017-2020: High of $20000 → 84% retracement to $3200 → Breaks previous high in 3 years - 2021-2024: High of $69000 → 77% retracement to $15500 → Breaks previous high in 2 years and 4 months - Current high of $125000 → Retracement approximately 40% to below $76000 → Not breaking previous high.