According to Odaily, cryptocurrency analyst Rekt Capital has revealed that since the bear market bottom in November 2022, Bitcoin has undergone six significant pullbacks, each exceeding 20% in depth. These pullbacks occurred in February 2023, from April to May 2023, from July to September 2023, in January 2024, from March to April 2024, and from May to June 2024, with pullback ranges between -16% and -23.7%.
As of now, the depth of Bitcoin's pullback is -16%, lasting for 35 days. This has not yet reached the average pullback depth of -22% and the average duration of 40 days. Therefore, both in terms of depth and duration, the current pullback is still below the average level.
