Bitcoin Price Drop: Correction Not Bear Market Trigger

Recent drops in Bitcoin’s value have raised concerns among investors, but CryptoQuant suggests this downturn is more likely a standard market correction than the beginning of a bear market. This analysis provides relief to holders worried about short-term volatility and highlights that market corrections are natural occurrences within any financial market. 2023’s market experience shows Bitcoin’s price cycles include sharp upswings followed by periods of downswing, with no major panic selling or significant long-term holder capitulation signs evident as per on-chain data.