Analysis: The previous bull market had at least three 20% declines, and this correction has not yet reached
Odaily reported that The Block CEO Larry Cermak said in The Scoop podcast that the previous crypto bull market had seen at least three 20% declines, and he said: "Even the recent decline has not reached 20%. In historical bull markets, this usually happens one or two times, sometimes even three times. It can clear the over-leveraged positions in the market and build up momentum for the next rally." Larry Cermak added: "Clearing the over-leverage is beneficial. Of course, bull markets often end in this way."
