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CryptoQuant: The pullback of about 12% from the BTC new high is completely normal and has not exceeded the historical average fall of 20% to 25%.
PANews September 2 news, according to CryptoQuant analyst Darkfost, Bitcoin has pulled back approximately -12% since its last historical high, which is within the normal range. In the current bull run cycle, since it first reached its historical high in March 2024, the maximum pullback has been -28%, while the average pullback is between -20% and -25%. Analysis indicates that this pullback has not broken historical patterns and may continue to remain within a healthy range. Such pullbacks typically help to clear excessive leverage in the derivatives market during a bull run, alleviate overheating emotions, and provide new entry opportunities for long-term investors.