CoinGecko‘s latest research study provides a comprehensive review of Bitcoin’s bear market patterns, providing insightful and in-depth context for the ongoing downturn in 2025 and 2026. According to the latest research report published on June 25, 2026, a bear market is defined as any period of at least 30 consecutive days. bitcoinThe daily closing price is below the 200-day simple moving average.
Accordingly opinions This metric from CoinGecko helps separate long-term weakness from temporary fluctuations by focusing on the long-term trend.
Since 2014, analysis identifies seven such divisions. The most far-reaching ones resulted from major structural failures.
For example, the downturn in 2018-2019 continued for 385 days following the peak of initial coin offering enthusiasm, as retail interest waned and global regulations tightened.
Similarly, the 2022-2023 bear market, triggered by the collapse of Terra-LUNA and subsequent failures at major firms such as Three Arrows Capital, Celsius, and others, lasted 381 days. FTXeroded institutional confidence and pushed prices below $16,000.
The 2014-2015 cycle included Mt. It took 321 days after the Gox exchange meltdown shook early market confidence.
Shorter bear periods resulted from more isolated events. The 2019-2020 consolidation lasted 81 days, while the 2021 correction triggered by China’s mining restrictions lasted 80 days.
The Covid-19 crisis in 2020, the shortest, lasted just 52 days but created a sharp liquidity shock before stimulus measures helped the recovery.
On average, these seven months markets It lasted approximately 188 days, highlighting the wide variation in length depending on underlying causes.
The current 2025-2026 bear market has reached 233 days as of June 24, 2026, positioning it as the fourth longest bear market.
followed bitcoinIt reached an all-time high of $124,773 in January 2025, and prices fell to around $60,862 on June 7.
This represents a maximum decrease of 51.2 percent so far; the lightest of all recorded cycles.
In contrast, the three major structural bears saw declines ranging from 76.7 percent to 83.6 percent, erasing much of the previous gains.
Even shorter shocks, such as the COVID era, caused declines exceeding 74 percent.
Losses, this time relatively contained, could result from greater institutional participation, a maturing market infrastructure and macroeconomic factors including: interest rate volatility and capital are shifting towards AI themes.
As of the end of June 2026, bitcoin It is trading near $62,651, roughly 2.9 percent above its recent low, while the 200-day moving average is hovering around $76,450, creating a 22 percent gap.
Historical models show that following a confirmed low, it takes 65 to 166 days for that average to recover.
If the June 7 low is maintained, the fastest recovery example points to a potential transition as early as August 2026but longer timelines cannot be ruled out.
CoinGecko research The findings highlight that bear markets vary significantly in depth and duration. While structural collapses tend to inflict the heaviest damage, the current cycle reflects emerging market resilience.
For participants this data Even as the asset shows greater resilience than in past periods, it underscores the importance of historical perspective and patience during prolonged periods of underperformance. From the research report CoinGecko As regression tests are resolved, they serve as another reminder that they are constantly paving the way for subsequent recoveries. bitcoin15+ years of history.
