Bitcoin’s bear markets are getting milder. Bull markets may be next

Bitcoin’s recent bear markets have been less severe than earlier cycles, with smaller drawdowns and shorter recovery periods suggesting greater market maturity. The trend reflects broader institutional participation, improved liquidity, and reduced leverage compared with prior downturns. If the pattern continues, Bitcoin’s next bull market could feature more sustained gains and less extreme volatility, though macroeconomic conditions and crypto-specific risks remain important variables.