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Bitcoin’s Pullback Is Still “Mild” — Historically Speaking
According to CryptoQuant analyst Alex Adler, Bitcoin’s recent 47% correction is relatively modest compared to past cycles that saw drawdowns of 80–90%+.
The takeaway? Volatility appears to be compressing as the asset matures. Instead of extreme crashes, cycle bottoms may now form around 60–70% below the all-time high.
It may feel brutal — but by Bitcoin’s historical standards, this is far from catastrophic.