Cryptocurrency KOL and industry analyst Lark Davis believes that the current pullback in the crypto market is just a 'breather in a bull market' rather than 'the end of a bull market' based on historical data analysis. He noted that Bitcoin dropped by 12% after a significant rise in December 2020, but then increased by 136% in the following 23 days. The current drop of around 13% occurred after similarly strong performance in the fourth quarter. However, Lark Davis pointed out that Bitcoin could still see a further pullback of 10-15%, while emphasizing that Bitcoin and the broader cryptocurrency market still have enough momentum. Additionally, industry insiders believe that adjustments during the price discovery phase are both common and necessary, typically lasting several weeks, and that a bull market cycle can occur up to four times at most.