📉 Bitcoin may record its second consecutive decline for 6 months in history! The last time it surged by 208% afterwards.
Coinglass data shows:
· Bitcoin's return rate this year is currently -0.76%, set to decline for the 6th consecutive month.
· Historically, there has only been one similar situation: from August 2018 to January 2019, a cumulative decline of about 54.8% over 6 months.
· This was followed by a continuous increase for 5 months (from February to June 2019), with a total increase of up to 208.1%.
Will history repeat itself? A rebound often follows a decline.