A comparison of the drawdowns of Bitcoin and TLT, the U.S. long bond, an ETF with a total asset holding of $95 billion<\/a>, according to VettaFi, reveals a fascinating trend. Bitcoin, often under the scanner for its volatility, demonstrates resilience in its recovery trajectory. Following a plunge to $15,500 during the FTX collapse in Nov. 2022, Bitcoin has made a significant rebound, trading at roughly $30,000. This performance represents a drawdown of 56% from its all-time high, aligning with previous bear market behavior.<\/p>\n Interestingly, each successive cycle records a less severe drawdown. The maximum drawdown of this cycle for Bitcoin to date stands at 77%.<\/p>\n In contrast, TLT is currently witnessing its most severe drawdown ever, at 54%. This juxtaposition underscores the harsh impact felt in the bond market while simultaneously highlighting Bitcoin\u2019s recovery. A mere few percentage points now separate the two drawdowns, adding a new dimension to the discussion on financial asset stability.<\/p>\n The post Convergence in drawdowns of Bitcoin and U.S. long bonds, as TLT plunges<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Quick Take Last week, Oct. 18, analyst Dylan Leclair observed a similarity in the drawdowns of Bitcoin and TLT. A comparison of the drawdowns of Bitcoin and TLT, the U.S. long bond, an ETF with a total asset holding of $95 billion, according to VettaFi, reveals a fascinating trend. Bitcoin, often under the scanner for […]<\/p>\n","protected":false},"author":2,"featured_media":179460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-179459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179459"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179459\/revisions"}],"predecessor-version":[{"id":179461,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179459\/revisions\/179461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179460"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"TLT](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/10\/tlt.png\")