Why Bitcoin’s Smallest Crash Ever Could Mean an Earlier Bull Market Top

Bitcoin just posted its smallest top-to-bottom drawdown ever at 53%, and Ben Cowen says that changes the math on this entire cycle.⁣

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“I feel like going lower would allow for a more euphoric bull market.”⁣

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Instead, expect diminishing returns, maybe a 5-6x instead of last cycle’s 7-8x.⁣

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But the real signal is timing. If the low is truly in, the bull market has to be measured from July, not later.⁣

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“It might top sooner.”⁣

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Cowen points to Ethereum’s 2021 cycle as the blueprint, bottoming in June and topping in August, arriving early because it started early.⁣

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If Bitcoin’s summer bottom holds, the top of this cycle could hit faster than anyone’s modeling right now.🎬⁣

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