Odaily Planet Daily News Bitfinex pointed out in its analysis report that Bitcoin experienced the largest correction in this cycle before recovery. Bitcoin rebounded strongly last week, and this rebound allowed BTC to return to the key $60,000 level. Previously, in August, BTC experienced a sharp sell-off, and the price fell 33.32% from the cycle high and the historical high of $73,666. This is the largest drop in this cycle. On-chain indicators also highlight the intensity of the sell-off. The short-term holder realized price (STH cost basis) reflects the average purchase price of recent buyers, which is currently $64,860.