Bitcoin bottomed out at around $103,500 on Friday, marking an 18% correction from its all-time high of $126,200 reached on Oct. 6. This aligns with a standard bull market correction, where bitcoin typically retraces around 20% a pattern that has defined the current cycle since it began in 2023.

Price Drawdown from ATH (Glassnode)

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Author: James Van Straten

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