{"id":23139,"date":"2025-06-01T13:02:55","date_gmt":"2025-06-01T13:02:55","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=23139"},"modified":"2025-12-29T11:45:59","modified_gmt":"2025-12-29T11:45:59","slug":"is-the-current-bitcoin-bull-run-stronger-than-the-2020-and-2017-markets","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/is-the-current-bitcoin-bull-run-stronger-than-the-2020-and-2017-markets\/","title":{"rendered":"Is the Current Bitcoin Bull Run Stronger Than the 2020 and 2017 Markets?"},"content":{"rendered":"\n

The latest Bitcoin bull market<\/strong>, which began in early 2023<\/strong>, has shown lower volatility<\/strong> compared to previous cycles. The average realized volatility<\/strong> has remained below 50%<\/strong>.<\/p>\n\n\n\n

Major crypto exchanges<\/strong> have reduced leverage limits<\/strong>, contributing to a more stable upward trend<\/strong> with fewer and shallower corrections compared to past bull markets.<\/p>\n\n\n\n

Despite its technology and strong upward movements, Bitcoin<\/a><\/em><\/strong> is often associated with high volatility<\/strong>. Previous bull runs<\/strong> were frequently accompanied by sharp and sudden drops \u2014 the kind that traditional markets would classify as bear trends<\/strong>. Therefore, such volatility has become a familiar feature of Bitcoin\u2019s market behavior.<\/p>\n\n\n\n

However, the 2023 bull run<\/strong> stands out positively, demonstrating relatively low volatility<\/strong> and milder corrections<\/strong>.<\/p>\n\n\n\n

According to data tracked by Glassnode<\/strong>, Bitcoin’s 3-month realized volatility<\/strong> during this cycle has averaged below 50%, which is significantly lower than the 80% to 100% levels observed in prior bull runs<\/strong>.<\/p>\n\n\n\n

This stability is likely supported by Bitcoin\u2019s ever-growing market capitalization<\/strong>. Now the seventh most valuable asset<\/strong> globally, Bitcoin\u2019s trillion-dollar market cap<\/strong>, along with the emergence of spot ETFs<\/strong> and derivative products<\/strong>, appears to inadvertently promote more stability and institutional involvement<\/strong>.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Glassnode explains the drop in volatility by stating:<\/p>\n\n\n\n

\n

\u201cAs liquidity deepens<\/strong> and an asset\u2019s valuation reaches these levels, the capital required to move its price meaningfully increases significantly. Additionally, the launch of U.S. spot ETF products<\/strong>, supported by greater regulatory clarity<\/strong>, has shifted the structure of the investor base \u2014 enabling sophisticated institutional investors<\/strong> and capital to flow into Bitcoin for the first time.\u201d<\/p>\n<\/blockquote>\n\n\n\n

In the 2020\u20132021 period, Bitcoin<\/strong> surged from $4,000 to $70,000<\/strong>, experiencing several sharp price drops of over 30%<\/strong>. Given that drops of over 20% are usually considered bear markets<\/strong> in traditional finance, these were quite severe.<\/p>\n\n\n\n

Compared to the current trend, where Bitcoin<\/strong> has risen from around $30,000 to over $100,000<\/strong> since March 2023<\/strong>, the picture looks very different. This latest rally is characterized by a stair-step pattern<\/strong>, following long periods of accumulation<\/strong>, leading to sudden upward movements.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Glassnode notes:<\/p>\n\n\n\n

\n

\u201cWe observed a shallower correction profile<\/strong> compared to the previous bull market. In the current cycle, most pullbacks remained below 25% from local highs, and only on two occasions did they exceed 30%.\u201d<\/p>\n<\/blockquote>\n\n\n\n

This shift is again linked to institutional participation<\/strong>, reduced leverage<\/strong>, and fewer speculative excesses<\/strong> across the market.<\/p>\n\n\n\n

In earlier bull markets, large exchanges like Binance<\/strong> offered up to 100x leverage<\/strong>, enabling traders to control significantly larger positions. While this helped amplify gains, it also led to massive losses, triggering liquidation waves<\/strong> and frequent double-digit price corrections<\/strong>.<\/p>\n\n\n\n

However, exchanges have since drastically reduced leverage ratios, curbing speculative excess<\/strong>. This appears to have contributed to the more robust nature<\/strong> of the current rally.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest Bitcoin bull market, which began in early 2023, has shown lower volatility compared to previous cycles. The average realized volatility has remained below 50%. Major crypto exchanges have reduced leverage limits, contributing to a more stable upward trend with fewer and shallower corrections compared to past bull markets. Despite its technology and strong …<\/p>\n","protected":false},"author":1,"featured_media":6298,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[309],"tags":[70,313,317],"class_list":["post-23139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-web3new","tag-bitcoin-news-and-content","tag-crypto-blog","tag-crypto-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/23139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=23139"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/23139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/6298"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=23139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=23139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=23139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}