Bitcoin's recent correction from its peak of $100K to $92.5K is attributed to leverage overheating, as open interest and estimated leverage ratios reached annual highs. Such a 10-20% correction is a natural phenomenon in a bullish market.

On-chain metrics like MVRV, NUPL, and Puell Multiple continue to suggest that Bitcoin remains in a bull market with significant upward potential. Identifying major accumulation periods during corrections is crucial, with the 'Short-Term SOPR' metric offering valuable insights.

The 'Short-Term SOPR' metric, which rose to 1.096 on November 21, indicates profit-taking by short-term investors. Historically, when these investors sell at a loss, it often signals a potential rebound, presenting a strategic buying opportunity.