Comparison chart shows Bitcoin was about $608 ten years ago, now priced at about $77,354, marking a rise of 12,618%, with a historical peak of $126,198. The chart highlights key events such as the launch of futures on the Chicago Mercantile Exchange, the halvings in 2020 and 2024, the approval of the U.S. spot ETF, and the bankruptcy of FTX. The current price is approximately 39% below its peak. The image is from a ten-year retrospective video produced by a market account.

Around 2016, $608 was in the consolidation range after the second halving. At the end of 2017, it first touched five digits before a deep correction; the 2020 halving combined with ample liquidity pushed it to about $69,000, a previous high; in 2022, the FTX bankruptcy and interest rate hikes brought the price back to the $15,000 to $20,000 range; in January 2024, the opening of the spot ETF and the halving that year led to a peak of $126,000. Futures allow traditional funds to short, ETFs enable pension funds to buy, and halvings embed the rhythm of new supply into code. The ten-year rise tells a story of compounding for surviving holdings and marks the liquidations along the same curve as gaps.

12,618% is the endpoint divided by the starting point. There have been 80% level corrections along the path. The current price of $77,000 is the second step after the peak, not a confirmation of a new high.

The market mechanism is a long-term supply contraction against a liquidity cycle. The buy side consists of spot and ETF funds treating the ten-year chart as a reason for allocation; the sell side comprises long-term holders locking in profits and futures shorts. Funds flow in during the narrative window post-halving and out during the leverage liquidation window. Beneficiaries are those who established positions at $608 or when the ETF opened and held through the corrections; those under pressure are those who leveraged near $126,000. The event-driven aspect is the anniversary comparison chart, not a new supply-demand shock.

The ten-year chart eliminates volatility. The volatility has not been eliminated in the accounts of that year.

Source: Public information