BTC Dropped 48% From $130K and Nobody Is Talking About Why
Bitcoin went from $130,000 to $67,500 in 4 months. This is the anatomy of a stealth crash โ no single catalyst, just slow bleeding that wiped out half of crypto's market cap.
Look at this chart. Really look at it.
Bitcoin went from $130,000 in November 2025 to $67,516 today. That is a 48% drawdown. Nearly half. And somehow, crypto Twitter is acting like this is just a normal Tuesday.
The Anatomy of a Stealth Crash
This was not a single black swan event. No exchange blew up. No stablecoin depegged. No government banned crypto. Instead, BTC died the death of a thousand cuts:
โข December 2025: Fed signals fewer rate cuts than expected โ first major dump from $130K to $105K
โข January 2026: ETF outflows begin โ institutional money rotating out quietly
โข February 2026: Macro fear takes over โ tariff threats, recession talk, risk-off everywhere
โข Now: Fear & Greed at 9. Total market cap down to $2.39T. Blood in the streets.
The Numbers Are Brutal
โข BTC: $67,516 (-48% from ATH)
โข ETH: $1,955 (-60%+ from ATH)
โข SOL: $83 (-68% from ATH)
โข Total crypto market cap: $2.39T (was $3.8T at peak)
โข $1.4 trillion wiped out in 4 months
That is not a correction. That is a full-blown bear market that nobody wants to call a bear market.
Why Nobody Talks About It
Because it happened slowly. A 5% crash in one day gets headlines. A 48% decline over 4 months just becomes... normal. People adjust. They stop checking their portfolio. They mute their PnL notifications. They cope.
The boiling frog metaphor exists for a reason.
What Happens From Here
Historically, BTC has never stayed below the 50% drawdown level for long during a cycle that had a confirmed ATH above $100K. The question is whether $67K is the floor or just a stop on the way to $50K.
Key levels to watch:
โข $65,000 โ critical support, if this breaks, $58K is next
โข $72,000 โ first resistance, need to reclaim this for any bullish structure
โข $80,000 โ psychological level that would confirm trend reversal
0xShadow Take
The chart does not lie. We are in a bear market by every technical definition โ lower highs, lower lows, sustained downtrend, capitulation sentiment. Anyone telling you otherwise is trying to sell you something.
But bear markets are where the next cycle's millionaires load their bags. Fear & Greed at 9 means almost everyone is too scared to buy. Historically, that has been a signal, not a warning. ๐
