The crypto market has been under pressure with Bitcoin’s price dropping, sparking fears that the bull run is over. However, this assessment may be premature, given that many on-chain metrics remain positive.

New investors who entered at the peak are feeling the pinch, with a realized price of $98k, taking a loss. However, investors who entered 1-3 months ago, with a realized price of $71k, are unlikely to see Bitcoin’s price drop to that level.

In the 2021 bull market, Bitcoin has often experienced sharp corrections but has always recovered, suggesting that the current correction may be temporary. For those who have not yet entered the market, this could be an opportunity to buy Bitcoin at a cheaper price.