Bitcoin Pulls Back 50% From $125K High, Still Outperforms Previous Cycles: CZ

BTC1.65%
LUNA0.82%
According to CZ in a Galaxy interview on June 20, Bitcoin has pulled back approximately 50% from its previous all-time high near $125,000. CZ noted this decline is significantly better than the typical 80% corrections seen in previous market cycles. Compared to the roughly $16,000 bottom reached in 2022 during the Luna collapse and FTX bankruptcy, current prices remain 4 to 5 times higher. CZ believes former all-time highs, such as $60,000, will serve as future support levels for Bitcoin.
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