Bitcoin (BTC)'s recovery phase exceeded the preceding decline in each of three historical cycles in data from CryptoQuant, a time comparison that does not measure the asset's distance from a prior price peak.
CryptoQuant's official Telegram channel lists a 400-day decline followed by a 700-day recovery for 2015. Its 2018 comparison pairs a 360-day decline with a 700-day recovery, while the 2022 figures are 380 days and 469 days.
The 2018 comparison has the largest gap between the periods, at 340 days. The gap was 300 days in 2015 and 89 days in 2022.
CryptoQuant also put the current cycle at about 40% of the way through a recovery-duration ratio. That percentage describes progress on a time comparison; it does not establish how close Bitcoin is to its previous all-time high. Elapsed time and the distance to a prior peak are separate measures, a distinction covered in an earlier report on Bitcoin's rebound and its previous high.
