Cryptocurrency Markets Face Drawdowns: BTC Down 20%, ETH 40%, SOL 50% Amid Historical Comparisons

Cryptocurrency markets are experiencing notable drawdowns, with Bitcoin (BTC) showing a 20% decline, Ethereum (ETH) at 40%, and Solana (SOL) down 50%. Historical comparisons indicate that during the mid-2021 market conditions, BTC, ETH, and SOL faced drawdowns of 56%, 61%, and 67%, respectively. Analysts suggest that the current mid-bull reset is not unprecedented, despite some market participants expressing concerns about a potential bear market. The volatility in the market has also been reflected in the performance of various portfolios, with some reporting less than 1% exposure to short volatility strategies.