Odaily Planet Daily News Crypto analyst Rekt Capital analysis shows that since the bear market bottomed in November 2022, Bitcoin has experienced six significant pullbacks, each with a depth of over 20%. These pullbacks occurred in February, April to May, July to September 2023, January 2024, March to April, and May to June, with pullback ranges between -16% and -23.7%. As of now, the depth of Bitcoin's pullback is -16%, lasting for 35 days, which has not yet reached the standard of the average pullback depth of -22% and average duration of 40 days for this cycle. Therefore, whether it's from the depth or duration perspective, the current pullback is still below the average level.
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Odaily Planet Daily News Crypto analyst Rekt Capital analysis shows that since the bear market bottomed in November 2022, Bitcoin has experienced six significant pullbacks, each with a depth of over 20%. These pullbacks occurred in February, April to May, July to September 2023, January 2024, March to April, and May to June, with pullback ranges between -16% and -23.7%. As of now, the depth of Bitcoin's pullback is -16%, lasting for 35 days, which has not yet reached the standard of the average pullback depth of -22% and average duration of 40 days for this cycle. Therefore, whether it's from the depth or duration perspective, the current pullback is still below the average level.