The cryptocurrency market has been appearing at a great time from the beginning of 2025, and some investors call it the most painful cycle in history.
Some were disappointed on changes in industry policy and Memecoin madness in the United States, while others even speculated About the talents leaving the sector for other industries.
However, although the current state of the cryptographic market may look gloomy, the current cycle is far from being the most brutal, and many members of the community remain stubborn.
“For those who have gone through many cycles, this is only part of this process,” said CointeLgraph, analyst Trezor Lucien Bourdon.
Sale of the inauguration after Trump
The current decline in cryptographic markets occurred after Bitcoin (BTC) reached the highest level above $ 106,000 in December 2024, and the jump largely attributed to optimism the victory of Donald Trump in the presidential election in the USA.
While many were optimists, some investors, such as co -founder of Bitmex, Arthur Hayes, accurately predicted the sale of cryptocurrencies after the inauguration of Trump on January 20.
Bitcoin price chart since October 2024. Source: Coingecko
Since then, Bitcoin has fallen by over 18%, with total cryptographic market capitalization erasure Almost all the benefits that come from winning in the Trump election, falling by 25%.
In the sale of the inauguration after Trump, investors relieved about $ 4.6 billion from rotational products in the field of cryptocurrency exchange to March 7, while on the market the Spot recorded even more outflows, with at least $ 1 billion of liquidation in one day of March 3.
What was the most brutal sale of cryptocurrencies in history?
But the last sale is not the worst in records. “If we are talking about the worst Bitcoin cycle, 2014-2015 was probably the most brutal,” said Bourdon Trezora Cointelegraph.
Referring to the collapse of Mt. Gox Crypto Exchange, which suffered a loss of 850,000 BTC in security violation in 2024, the analyst emphasized this event as the worst sale of bitcoins.
Bitcoin price chart in the period from July 2013 to July 2016. Source: Coingecko
“Craction of Mt. Goxa destroyed 70% of the volume of Bitcoin trading, which led to 85% of the market withdrawal without institutional support and much less liquidity, “said Bourdon.
More than falling prices
According to Brett Reeves, the head of European Bitgo sales, there is “much more to decline” on the current market.
In addition to the greater deterioration of prices in the past, Reeves emphasized significant progress in global products and cryptocurrency regulations, which indicate that cryptographic assets are becoming more and more integral with the international financial system. He said:
“While prices can break up for now, we must remember how far we have come in a short space in time and how much potential this space has in the coming years.”
Unlike cryptographic doubts and pessimists, some industry directors even perceive the current market cycle as a bull market.
Related: EU retaliation tariffs threaten Bitcoins correction 75,000 USD – Analysts
“I actually think it’s the best,” said CointeLgraph, founder of Quantum Economics, adding CointeLgraph, adding:
“What distinguishes this bull market from previous Crypto Bull Runs is that for the first time we saw the prices rising over time, which is not accompanied by a lot of money printing. This withdrawal is a short -term pain that will allow long -term profit. “
According to Crypto analyst, Miles Deutscher, conditions such as “bulls”, “bears”, “cycle” or “altsason” are not even suitable for the current market situation.
Source: Miles German
“It’s a different market now”, he he said In the post x March 13.
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