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TechFlow, September 2 — CryptoQuant analyst Axel Adler Jr. posted that Bitcoin's current pullback from its historical high stands at -12.8%.
During this bull cycle, pullbacks following local peaks have primarily ranged between -10% and -18%, while deeper corrections typically extend to -20% to -30%. The current -12.8% pullback is closer to the mild range, suggesting this is more likely a phase of repair/consolidation rather than a broad sell-off.
CryptoQuant analyst Axel Adler Jr. posted that Bitcoin's current pullback from its historical high is -12.8%. In this bull market cycle, pullbacks following local peaks have mainly ranged between -10% and -18%, while deeper corrections typically extend to -20% to -30%. The current -12.8% pullback is closer to the mild range, suggesting this is more likely a consolidation phase rather than a broad sell-off.
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