{"id":90685,"date":"2025-11-05T16:17:33","date_gmt":"2025-11-05T13:17:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90685"},"modified":"2025-11-05T16:21:31","modified_gmt":"2025-11-05T13:21:31","slug":"analysts-see-nothing-unusual-in-bitcoins-19-pullback-from-its-peak","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analysts-see-nothing-unusual-in-bitcoins-19-pullback-from-its-peak\/","title":{"rendered":"Analysts see nothing unusual in bitcoin\u2019s 19% pullback from its peak"},"content":{"rendered":"<p>Bitcoin\u2019s current 19.1% decline from the all-time high <a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-surge-to-126000-revitalises-retail-investors\">above $126,000<\/a> is among the mildest in this cycle, according to <a href=\"https:\/\/studio.glassnode.com\/charts\/market.PriceDrawdownRelative?a=BTC&#038;zoom=all\">Glassnode<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-769e8b4c83c82b6d-8741162424762033-1024x576.png\" alt=\"image\" class=\"wp-image-269020\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-769e8b4c83c82b6d-8741162424762033-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-769e8b4c83c82b6d-8741162424762033-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-769e8b4c83c82b6d-8741162424762033-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-769e8b4c83c82b6d-8741162424762033-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-769e8b4c83c82b6d-8741162424762033.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Glassnode.<\/figcaption><\/figure>\n<p>A trader under the moniker Lourenco VS noted that bitcoin\u2019s drop aligns with historical patterns. According to him, in this cycle corrections have typically been 20%\u201325%, on rare occasions reaching 30%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> corrections <\/p>\n<p>During this cycle, the typical correction signature has been between 20-25%, with a couple of 30% ish ones.<\/p>\n<p>This current correction is at 21%, totally within the normal parameters.<\/p>\n<p>Looking at the current move as this horrible crazy outlier is just not\u2026 <a href=\"https:\/\/t.co\/IOv3JKSnVa\">pic.twitter.com\/IOv3JKSnVa<\/a><\/p>\n<p>\u2014 Louren\u00e7o VS (@lourenco_vs) <a href=\"https:\/\/twitter.com\/lourenco_vs\/status\/1986006820771569697?ref_src=twsrc%5Etfw\">November 5, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cTo see this move as something terrible and anomalous is to ignore the facts. What is happening fits within normal volatility, and the long-term market structure remains intact,\u201d the expert said.<\/em><\/p>\n<\/blockquote>\n<p>Others on the market share the view. A trader using the pseudonym cotton was surprised by the reaction to the latest correction in digital gold.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Why do you all pretend that something extraordinary has happened ?<\/p>\n<p>&#8221; <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> at $105k WOOOOW \u2014 WHAT A SHOCK!? &#8220;<\/p>\n<p>We&#8217;ve seen such dips many times before<\/p>\n<p>And we&#8217;ve always recovered <\/p>\n<p>Hold your bags and be patient \u2014 everything will be back to normal <a href=\"https:\/\/t.co\/ZFBJVAkPrS\">pic.twitter.com\/ZFBJVAkPrS<\/a><\/p>\n<p>\u2014 cotton (unstable\/acc) (@cottonxbt) <a href=\"https:\/\/twitter.com\/cottonxbt\/status\/1985710416824078603?ref_src=twsrc%5Etfw\">November 4, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWhy all this panic, as if something extraordinary had happened? We have seen such drops many times. And the market has always recovered,\u201d he noted.<\/em><\/p>\n<\/blockquote>\n<p>A Binance Live analyst known as On-Chain College <a href=\"https:\/\/x.com\/OnChainCollege\/status\/1985714998623039592\">emphasised<\/a> that nothing has changed fundamentally or technically, so it is premature to call a bear phase. He was backed by a DeFi researcher under the pseudonym Cypher.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>&#8216;s drop isn&#8217;t FUNDAMENTAL, it&#8217;s pure vibes.<\/p>\n<p>Yeah, seeing <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> slip under $100K looks scary on the chart but it&#8217;s different.<\/p>\n<p>Fear &#038; Greed Index dumped to 21, the headlines turned bearish, CT started calling crazy targets\u2026 and yet:<\/p>\n<p>\u2705 Exchanges are seeing big withdrawals<br \/>\u2705\u2026 <a href=\"https:\/\/t.co\/TS9jYydUXZ\">pic.twitter.com\/TS9jYydUXZ<\/a><\/p>\n<p>\u2014 Cypher (@NxtCypher) <a href=\"https:\/\/twitter.com\/NxtCypher\/status\/1986025708846817490?ref_src=twsrc%5Etfw\">November 5, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The latter highlighted several factors indicating a still-bullish market structure:<\/p>\n<ul class=\"wp-block-list\">\n<li>exchanges are seeing significant outflows;<\/li>\n<li>only 12% of <span data-descr=\"unspent transaction outputs\" class=\"old_tooltip\">UTXO<\/span> are at a loss;<\/li>\n<li>the bitcoin network\u2019s <a href=\"https:\/\/forklog.com\/en\/news\/what-are-hashrate-and-mining-difficulty-in-cryptocurrencies\">hashrate<\/a> remains close to <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span>;<\/li>\n<li>inflows of <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a> are rising.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Record pace of accumulation<\/h2>\n<p>Over the past month, accumulator addresses \u2014 wallets that only buy and never sell \u2014 acquired a record 375,000 BTC. Around 50,000 BTC were bought on 4 November, when bitcoin fell below $100,000, said a CryptoQuant analyst under the moniker Darkfost.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude80 Addresses accumulating BTC are reaching record levels. <\/p>\n<p>With more than 375,000 BTC accumulated over a 30-day change, these accumulator addresses have just set a new all-time high in BTC purchases. <\/p>\n<p>\ud83d\udca5 Just yesterday alone, over 50,000 BTC were added by this type of address.\u2026 <a href=\"https:\/\/t.co\/8d2xyREB0M\">pic.twitter.com\/8d2xyREB0M<\/a><\/p>\n<p>\u2014 Darkfost (@Darkfost_Coc) <a href=\"https:\/\/twitter.com\/Darkfost_Coc\/status\/1985983159637258657?ref_src=twsrc%5Etfw\">November 5, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cOverall market demand is slowing, but activity by this investor cohort continues to increase. Over the past two months, their average monthly purchases have more than doubled \u2014 from 130,000 BTC to 262,000 BTC,\u201d the expert noted.<\/em><\/p>\n<\/blockquote>\n<p>In his view, spot bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>s are supporting the increase despite continuing outflows. During the latest trading session, $577 million was <a href=\"https:\/\/forklog.com\/en\/news\/solana-etfs-attract-over-280-million-in-six-days-of-trading\">withdrawn<\/a> from the investment products.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-abba72670a8d475d-8741275092647885-1024x577.png\" alt=\"image\" class=\"wp-image-269021\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-abba72670a8d475d-8741275092647885-1024x577.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-abba72670a8d475d-8741275092647885-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-abba72670a8d475d-8741275092647885-768x433.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-abba72670a8d475d-8741275092647885-1536x866.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-abba72670a8d475d-8741275092647885.png 1824w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Aggregate inflows remain positive. Since launch, exchange-traded funds based on the first cryptocurrency have attracted more than $60bn.<\/p>\n<p>Earlier, Wintermute analysts <a href=\"https:\/\/forklog.com\/en\/news\/wintermute-analysts-identify-causes-of-cryptocurrency-market-stagnation\">called<\/a> the redistribution of liquidity one of the main reasons for the crypto market\u2019s stagnation.<\/p>\n<p>A CryptoQuant expert under the pseudonym CryptoOnchain <a href=\"https:\/\/forklog.com\/en\/news\/cryptoquant-losing-101000-would-batter-the-bull-market\">said<\/a> that a bitcoin break below $101,000 would hit the bullish trend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s current 19.1% drop from the all-time high above $126,000 is among the mildest in this cycle.<\/p>\n","protected":false},"author":1,"featured_media":90686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin\u2019s 19.1% pullback from its peak is mild by this cycle\u2019s standards.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,569,1138],"class_list":["post-90685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-etf","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"169","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin\u2019s 19.1% pullback from its peak is mild by this cycle\u2019s standards.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90685"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90685\/revisions"}],"predecessor-version":[{"id":90687,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90685\/revisions\/90687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90686"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}