Recent BTC decline ranks among top 5 in history, says CryptoQuant

On-chain data platform CryptoQuant analyzed on its official X account that the recent Bitcoin decline will be recorded as one of the largest crashes in the cryptocurrency's history, comparable to the 2021 crash. The firm emphasized that the event ranks between the third and fifth largest of all time based on the scale of losses, adding that crashes of this magnitude are rare in Bitcoin's history.