Bitcoin sits 39% below its ATH with spot buyers active and perp shorts piling up. Analysts say conditions differ from past cycle lows. Bitcoin continues to trade well below its all-time high. The current pullback stands near 39%, roughly 205 days after the peak. Analysts at CryptoQuant flagged this in a recent post.  Spot buyers … Continue reading Bitcoin Drawdown Hits 39% but Still Above Bear Market Lows: Analysis