Bitcoin's Recent Decline Remains Within Historical Norms

According to PANews, CryptoQuant analyst Darkfost has observed that Bitcoin has experienced a decline of approximately 12% since its last all-time high, which is considered within the normal range. During the current bull market cycle, which began in March 2024 with a new all-time high, the largest recorded pullback has been 28%, with average declines ranging between 20% and 25%. The analysis indicates that this recent pullback has not deviated from historical patterns and is likely to remain within a healthy range. Such corrections are typically beneficial in a bull market as they help to clear excessive leverage in the derivatives market, alleviate overheated sentiment, and provide new entry opportunities for long-term investors source: https://www.binance.com/en/square/post/29135887915457?utm_source=BinanceNewsRSS