Aggregate 4th Cycle Times

Chart Explanation

This chart contains 100 price falls corresponding to 100 coins of the 4th cycle. Each line starts at the price top of each coin, and finishes at the price bottom. Each line is the 4th cycle fall of that coin. You can see how much each coin fell in percentage points, and in how much time. But most importantly, you can see the timing of each fall across time, to get an idea of how the entire market moved in this 4th downturn. Each line has an opacity, so the lines look a deeper blue when coins overlap. You can see when coins topped and bottomed relative to Bitcoin, to better understand alt-season. All coins start at the top of the chart at 0%, and fall from there towards their bottom. Each line is the same line that you see in each coin cycle page, for example Bitcoin's.

Aggregate 4th Cycle Times

Thoughts on this Chronology

We've always known that coins follow Bitcoin, and this chart confirms that. Some coins topped around the time Bitcoin topped, while others topped earlier when Bitcoin was at $65k. Since Bitcoin made a double top in this cycle at $65k and $69k, coins topped in either of those Bitcoin highs. The coins on the far left such as Algorand and Curve DAO, are coins that debuted with a high price-point, and subsequently fell, which explains why their top did not correlate with the rest of the market. What this tells us is that coins may hit their all-time high in a cycle when they debut, and not when the rest of the market hits all-time highs. Another takeaway is that during this downturn, most coins fell more than Bitcoin, indeed, alt-coins are more volatile, for both the upside and downside.