Bitcoin Price Volatility: Is it a Bear Market or Market Correction?

Recent fluctuations in Bitcoin’s price have sparked debate: is the current decline marking the beginning of a protracted bear market, or just a typical correction? Data analyzing profit-loss ratios provides insights into this crucial question. CryptoQuant analyst Crypto Dan suggests a more likely scenario: a market correction rather than a full-blown bear cycle. This view is supported by Bitcoin’s limited recent price surge, indicating the absence of excessive overheating and a lower risk of significant decline.