BITCOIN SEASON 2: Bitcoin’s Biggest Crashes Compared!

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 12 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We compare Bitcoin's recent 30% price drop to previous crashes like COVID, Terra/Luna, and FTX, discussing market sentiment, recovery patterns, and whether Bitcoin behaves as a risk-on or risk-off asset. You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 12,000 Bitcoiners: https://newsletter.blockspacemedia.com How do previous Bitcoin crashes compare to this week’s Tariff Troubles? Colin and Charlie analyze Bitcoin's recent 30% drop from $109K to $76K in context of previous market crashes. We compare the COVID crash of 2020, the Terra/Luna collapse of 2022, and the FTX insolvency in November that same year. We cover how market sentiment in each crash despite similar percentage drops, explore how exogenous and endogenous factors affected declines and recoveries – plus, why the current drawdown, mired in macro turmoil, most resembles the March 2020 COVID crash. Follow our guests: @cbspears @asilayhodling @btcszn2 Notes: - Bitcoin down 30% from $109K to $76K - Markets recovered 9.5% in one day - Terra/Luna crash: 35% drop in one week - FTX collapse: only 30% drop but worst sentiment - US fiscal deficit at $36.7 trillion debt - BitMEX "outage" may have saved 2020 crash Timestamps: 00:00 Start 00:46 Bitcoin crashes, “don't buy it” 06:25 Macro lookback 14:00 Covid crash (march 2020) 23:18 Terra Luna crash (may 2022) 32:16 FTX Crash 38:43 Stay humble, stack sats - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:40.8	Start your free 30-day trial at audible.com slash Wondery, UK.
0:45.6	That's audible.com slash Wondery, UK.
0:49.7	Bitcoin is down over 30% in the past month and a half, from $109,000 down to $76,000.
0:59.2	We're recording this on Wednesday when there is signs of relief from the tariff troubles brought on by President Trump.
1:09.1	This is pretty terrifying if this is your first Bitcoin cycle, but for a lot of you, this
1:13.1	isn't.
1:13.9	Paul and I are going to break down the past few years of Bitcoin pullbacks and see where
1:18.5	this really stacks up in the grand scheme of things.
1:21.3	Bitcoin Season 2 is brought to you by Arch Network, the platform building bridgeless apps
1:25.4	on Bitcoin.
1:26.4	More on Arch later on the show.
1:28.3	Let's kick it off.
1:33.3	This one time, Bitcoin went from 6 cents all the way to 36 cents, and then it crashed down to 21 cents.
	...

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