The encrypted currency analyst Rekt Capital's analysis shows that since the bear market bottomed out in November 2022, Bitcoin has experienced six major pullbacks, all of which have exceeded 20% in depth. These pullbacks occurred in February, April to May, July to September, 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%, which has lasted for 35 days and has not yet reached the average pullback depth of -22% and the average duration of 40 days in this cycle. Therefore, both in terms of depth and duration, the current pullback is still below average.
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The encrypted currency analyst Rekt Capital's analysis shows that since the bear market bottomed out in November 2022, Bitcoin has experienced six major pullbacks, all of which have exceeded 20% in depth. These pullbacks occurred in February, April to May, July to September, 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%, which has lasted for 35 days and has not yet reached the average pullback depth of -22% and the average duration of 40 days in this cycle. Therefore, both in terms of depth and duration, the current pullback is still below average.