Analyst: Bitcoin's current 12.8% pullback from its all-time high is closer to a moderate correction rather than a full-scale sell-off.
According to a report by Jinse Finance, CryptoQuant analyst @AxelAdlerJr has released a chart showing that Bitcoin (BTC) has currently retraced 12.8% from its all-time high (ATH). In this bull market cycle, most local peak pullbacks have ranged between -10% and -18%, while deeper corrections typically extend to -20% to -30%. The current 12.8% retracement is closer to the moderate range, which is consistent with a repair/consolidation phase rather than a full-scale sell-off.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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