CryptoQuant Analyst: Bitcoin's Current Pullback Is Relatively Mild, More Likely a Correction Phase Rather Than a Full Sell-off
ChainCatcher news, according to CryptoQuant analyst Axel Adler Jr, who posted on Twitter: "In this round of the Bitcoin bull market cycle, most local peak pullbacks have concentrated in the 10% to 18% range, while deeper corrections typically extend to 20% to 30%. At the 12.8% range, we are closer to mild corrections, which aligns with a recovery/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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