The Block CEO Larry Cermak pointed out in The Scoop podcast that there have been at least three instances of a 20% drop during previous crypto bull markets. He said, 'Even the recent drop 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 rally.' Larry Cermak added, 'Clearing out over-leverage is beneficial. Of course, bull markets often end this way.'