Typical Pullbacks in a Bull Market: Liquidation and Consolidation
In a bull market, there will always be several waves of significant price fluctuations, which are referred to as "pullbacks in a bull market." For example:
Pullback in January 2024: From January 12 to 25, the market pulled back by about 20%, lasting for around two weeks.
Pullback in January 2025: The current situation is almost the same, with ETH and altcoins experiencing nearly half a month of consolidation, with a decline of about 20%.
These pullbacks are primarily aimed at washing out some short-term investors' positions, allowing for a more concentrated market position.