and don't forget that bitcoin has never stayed low this long, this is a record in both length and size of the drop.
Neither of those things are true.
The last crash was significantly longer than how long this one has been so far. If we pass October and the price still hasn't come up from the 3000s bottom then it will be the longest, but we're a good 8 months away from that now. That's if you're talking about the entire duration between bull markets. If you are just saying how long it stayed at the bottom of the market, we're only 3 months in now, in 2015 it spent some 9 months at the bottom, so again not even close to a record.
And the size of this drop is just normal, not a record either. So far I believe it's actually slightly less than the last crash, while at least one early crash dropped by over 90% so this isn't close so far
Technically, you may be right after all
If we use such broad metrics as duration and scale of the drop. But I think we should pay closer attention to details, i.e. how market performs. If you do, you will start to notice major differences between now and then In 2015 there was a lot of both demand and supply so the market was alive. Today it looks mostly dead, apart from irregular and sporadic bursts of activity, up to a point where we can call them convulsions and agony
I really don't see what you're talking about. Sure in 2015 Bitcoin made two attempts to break out over the course of 8 or 9 months, rising from low 200s to 300 twice, but we're only 3 months into the current bottom, and its not like there is some rule that the bottom needs to include 50% gain failed breakouts. And it is naturally to expect volatility to be less because volatility has and will continue to go down over time in the long term. The market is 15x bigger than it was in 2015, a bigger beast is harder to move.
And volume seems to be, even in lower periods during this bottom, higher than it ever was before late 2017, so again I see no reason to call the market dead.
Looks like a normal bottoming out process to me, similar to 2015. We should expect it to continue for months to come as the market slowly shifts to a new bull market, just like 2015.
What you are calling a dead market has so far during this 3 months bottom gone from 3500 to 4300 to 3300 to 3600 to 3100 to 4100 to 3600 to 4000 to 3300 to 3600, of course with smaller ups and downs between each of those. Price activity looks pretty active to me.
