[DigitalToday reporter Yoonseo Lee] An analysis says Bitcoin's current bear market is showing a limited decline compared with the past.

The Crypto Basic, a blockchain outlet, reported on April 22 that YouTuber and bitcoin analyst Crypto Rover said the current downtrend could be one of the best bitcoin bear markets on record.

The key basis is the scale of the correction. The decline began around October 2025 and has lasted about 7 months, but Bitcoin has yet to enter the sharp-drop phase that was common in past cycles. A chart presented by Crypto Rover showed that in this cycle, losses remained around 42 to 52 percent even more than 190 days after Bitcoin hit an all-time high (ATH).

The low in this cycle was $59,930, recorded in early February 2026. Losses in that stretch were calculated at 52 percent. Crypto Rover said that if this low is confirmed as the bottom for the cycle, Bitcoin would have avoided the deeper corrections that repeated in past bear markets. He said this downturn has not posted a 55 percent decline at any point so far.

The chart compared drawdowns, not price levels. For each cycle, it sets day 0 as the day the all-time high was recorded and calculates, in percentage terms, how far the price has retreated from the peak. Under this method, 0 percent means the price is still at the peak, and negative territory represents the size of the drop.

The difference is clearer compared with past cycles. The 2015 cycle fell to $198, down 82 percent, and the 2018 cycle plunged 84 percent to $3,135. The 2022 cycle also dropped to $15,460, posting a drawdown of about 77 percent. Past bear markets generally entered the 70 to 80 percent decline zone about 300 to 400 days after the peak, and the slump also lasted a long time.

On that basis, Crypto Rover said, "The current cycle is closer to a 'historically mild downtrend,' and so far it has avoided the extreme losses seen in the past."

It is still too early to conclude the bear market has ended. Losses are currently around 38 percent, but the cycle has not fully ended. If Bitcoin falls further and sets a new low, the current assessment could change.

The point to watch, therefore, is whether the $59,930 level formed in early February will remain the final low for this cycle. Based only on data so far, Bitcoin has shown stronger price support than in the previous bear market, but the character of this downturn is expected to be judged again depending on future price moves.

This is one of the best Bitcoin bear markets EVER! pic.twitter.com/LyiPOVGp4x