TechFlow reported, according to analysis by cryptocurrency analyst Rekt Capital, Bitcoin has experienced six major pullbacks exceeding 20% in depth since the bear market bottomed in November 2022. These pullbacks occurred in February 2023; April to May 2023; July to September 2023; January 2024; March to April 2024; and May to June 2024, with drawdowns ranging between -16% and -23.7%. The current pullback stands at -16%, lasting 35 days so far, which remains below the cycle's average depth of -22% and average duration of 40 days. Therefore, the current correction is below average in both depth and duration.
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