🔴 Bitcoin Correction Deepens but Still Within Cycle Norms.

Bitcoin remains in a corrective phase, but the current drawdown is still considered normal for this market cycle. Despite being the deepest pullback so far, BTC has not yet broken historical patterns.

Key Facts:

• BTC recorded a ~30% drawdown, the deepest correction of this cycle

• Price is now stabilizing around a ~28% drawdown

• Current pullback remains within the average range seen during this cycle

• Corrections so far are still shallower than past cycles like 2017

Expert Insight:

The key question is whether Bitcoin continues its trend of relatively mild corrections or breaks lower, potentially invalidating comparisons with the 2017 cycle. Market structure over the coming weeks will be critical.

#Bitcoin #CryptoMarket #MarketCorrection #OnChainAnalysis $BTC