# Bitcoin UTXOs echoing March 2020 ‘black swan’ crash — New research
BTC price performance may be weathering a storm not seen since COVID-19 sparked a 60% drawdown three-and-a-half years ago. Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests. In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike…