Gate News message. On April 12, crypto analyst Axel Adler Jr said that this round of the Bitcoin pullback is noticeably smaller than the bearish-market levels from the same periods in past history, but it is still not enough to claim that a bottom has already formed. He noted that the maximum drawdown in the 2021-22 cycle was -54%, the 2017-18 cycle was -64%, and the 2013-15 cycle was -43%. The analyst believes that current market dynamics are more like a mild bear market; it has not yet entered the deep capitulation phase. The bottom cannot be confirmed yet, and a shift to a true market recovery still needs to wait. For now, this is a pause in the bear market rather than a reversal of the trend.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Grayscale Hints at Bull Market Setup as Bitcoin Holds Critical Breakeven Level
Bitcoin markets are showing signs of a potential bottom as improving price action brings recent buyers back to breakeven. Grayscale points to strengthening positioning as a key signal that sentiment may be shifting toward more bullish conditions.
Key Takeaways:
Grayscale signaled bitcoin may
Coinpedia47m ago
Bitcoin Liquidation Data: $2.589B Long Positions at Risk Below $74,599; $1.812B Short Positions at Risk Above $82,419
Gate News message, April 23 — According to Coinglass data, if Bitcoin falls below $74,599, cumulative long position liquidations across major CEXs would reach $2.589 billion. Conversely, if BTC surges above $82,419, cumulative short position liquidations would reach $1.812 billion.
GateNews47m ago
Bitcoin Surges to $79,472 Then Retreats; $416M in 24-Hour Liquidations as Funding Rates Turn Negative
Gate News message, April 23 — Bitcoin climbed to a high of $79,472 yesterday evening before retreating to $77,933, according to Coinglass data. The rally triggered $416 million in liquidations over the past 24 hours, with short positions accounting for $339 million and long positions $76.36 million.
GateNews1h ago
Bitcoin Breaks Below $78K as 24-Hour Gains Reach 2.16%
Gate News message, April 23 — Bitcoin (BTC) fell below $78,000, trading at $78,000 per USDT with a 24-hour gain of 2.16%.
GateNews1h ago
Bitcoin 8-Hour Average Funding Rate Turns Negative at -0.01%
Gate News message, April 22 — According to Coinglass data, Bitcoin's 8-hour average funding rate across the network currently stands at -0.01%, indicating a slight bearish sentiment among futures traders.
Among major exchanges, funding rates vary: one exchange at -0.0007%, another at -0.0033%, a th
GateNews9h ago
