Odaily Planet Daily News The Block CEO Larry Cermak pointed out in The Scoop podcast that previous crypto bull markets have seen at least three 20% declines, he said: "Even the recent decline has not reached 20%. In historical bull markets, this usually happens once or twice, sometimes even three times. It can clear out over-leveraged positions in the market and build momentum for the next round of increases." Larry Cermak added: "Clearing out over-leverage is beneficial. Of course, bull markets often end in this way."