Bitcoin drawdowns vs other assets – Amazon with the largest drawdown of 95%

2023-2-17 15:59

Quick Take Bitcoin (BTC) is currently experiencing a drawdown of 69% from its all-time high. The collapse of FTX brought BTC to a 76% drawdown in terms of market cap back in November 2022. However, BTC is not an outlier regarding vast and repetitive drawdowns — the same can be seen with Apple and Amazon. Amazon experienced multiple 80% and 90% drawdowns in early 2000, which saw a peak drawdown of 95.12% back in 2001. Apple has experienced 80%+ drawdowns on multiple occasions for over 20 years. The first 80% drawdown was back in 1985 and experienced a similar drawdown after the 2000 tech boom. BTCUSD: Source: (TradingView) Amazon Share Price: (Source: TradingView) Apple Share Price: (Source: TradingView)

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