Bitcoin Drawdown Near 30% Raises Questions Over Depth of Current Cycle Correction

Bitcoin’s ongoing correction has reached its deepest level of the current market cycle, but analysts say the pullback remains within historical norms. CryptoQuant analyst Darkfost noted in a post on X that Bitcoin is currently experiencing a drawdown of roughly 28%–30%, marking the largest correction seen so far in this cycle. Despite the decline, the move still sits within the average correction range observed since the bull market began. According to Darkfost, Bitcoin has so far avoided the sharper drawdowns that characterized previous cycles, including the 2017 bull run, where corrections frequently exceeded 35%–40% source: https://www.binance.com/en/square/post/35506825504825?utm_source=BinanceNewsRSS