Нормальная волатильность: эксперты о 19%-ном падении биткоина и его дальнейших перспективах Translation: Normal Volatility: Experts on Bitcoins 19% Drop and Its Future Prospects

The current decline of the leading cryptocurrency by 19.1% from its historical high of over $126,000 is among the most moderate in this cycle, as indicated by data from Glassnode.

Trader Lourenco VS pointed out that Bitcoin’s price drop aligns with historical patterns. He noted that throughout this cycle, corrections have typically ranged from 20% to 25%, occasionally hitting 30%.

*“To view this movement as something dreadful and unusual is to overlook the facts. What’s happening fits within normal volatility parameters, and the long-term market structure remains intact,”* the expert stated.

Other market participants share a similar perspective. A trader using the alias cotton expressed surprise at the market’s reaction to the latest correction of digital gold.

*“Why the widespread panic as if something extraordinary has occurred? We’ve seen such declines numerous times before. The market always recovered,”* he remarked.

Binance Live analyst On-Chain College highlighted that both fundamentally and technically, nothing has changed, making it premature to declare the onset of a bearish phase. This sentiment was echoed by DeFi researcher Cypher.

Cypher identified several factors indicating the persistence of a bullish market structure:

In the past month, accumulation addresses—wallets that only buy and never sell—have purchased a record-breaking 375,000 BTC. Around 50,000 BTC were acquired on November 4, when Bitcoin’s price fell below $100,000, according to CryptoQuant analyst Darkfost.

*“Overall market demand is showing signs of slowing, yet activity among this category of investors continues to grow. In the past two months, their average monthly purchases have more than doubled—from 130,000 BTC to 262,000 BTC,”* the expert noted.

He believes that the rise is being aided by spot Bitcoin ETFs, despite ongoing outflows. In the last trading session, $577 million was withdrawn from investment products.

Overall inflows remain positive. Since launch, exchange-traded funds based on the first cryptocurrency have attracted over $60 billion.

It’s worth noting that analysts from Wintermute identified the redistribution of liquidity as one of the main reasons for the stagnation of the crypto market.

CryptoQuant expert CryptoOnchain stated that a drop in Bitcoin’s value below $101,000 would deal a blow to the bullish trend.