CoinDesk's analysis stated that BTC compared with the 2025-year high 1 the retracement was approximately 32%
PANews cited CoinDesk as saying that BTC compared with the 2025-year October more than 126000 USD all-time high, the retracement was approximately 32%, below the declines recorded over the same period in multiple historical cycles. The report said that institutional capital and changes in market structure may be the reasons for the shallower retracement.