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 occurred, reaching $8,200 (already broken). A 40% drop occurred, reaching $75,600 (already broken). A 50% drop occurred, reaching $63,000 (not reached). A 60% drop occurred, reaching $50,400 (not reached). A drop below 70% occurred, reaching $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, even after a 60% drop, a rebound could occur, breaking through $100,000 again. A $200,000 drop is also a very real possibility.