What is Percentage Changes in crypto Market ?
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In this Blog i will tell you about the Percentage Changes in crypto Market .
In traditional markets, a commonly accepted rule is that a drop of -10% is considered a correction, and a drop of -20% or more is considered a bear market. I think it is fair to say that if normal market corrections are -10% or more and normal daily movements are +/- 1 to 5%, then if Bitcoin daily movements are +/- 5 to 15% on average, a -40% movement can still be a correction due to Bitcoin’s volatility and small market size.
In fact, I took an average of the percentage drop of all market corrections on the Bitstamp chart and came up with 42%, with the largest being the correction before the run up to the 2013–2015 bear market. It was a correction of -75%, but I feel this correction is a statistical outlier that was the result of a blow off top.
In fact, the fall was deeper (83%) if you measure from the wicks of the initial flash crash, but I’ve chosen to leave this out of the measurement due to the immediate buy up that followed. As for bear markets, using historical data, it appears that a drop below 70% indicates a potential bear market.
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