For the second halving, the BTC price fell by 40.36%, reaching $465 before skyrocketing to $19,600. Similarly, before the third BTC halving, the Bitcoin price fell 20.35%, reaching a low of $8,078 before rising to a high of $69,000.

In the current cycle, the price reduction thus far stands at 16.65%, which CryptoQuant believes might be a typical and expected occurrence.