Investor behavior following last Friday’s crypto flash crash reveals a significant divergence from the panic-driven sell-offs seen in previous cycles, particularly in 2021. Analysts suggest the current downturn is not the end of the bull run but rather a sign of retail investor conviction regaining strength. Exchange Balances Hit Record Lows An analyst at the on-chain data platform CryptoQuant posted an analysis on Friday detailing the shift. “Bitcoin has once again faced a sharp drawdown, yet today’s market structure is fundamentally different from 2020 or 2021,” the analyst stated
source: https://beincrypto.com/october-crypto-crash-breaks-2021-pattern/