Bitcoin’s recent correction appears to be mirroring a similar pattern from the end of 2022, with investors displaying strong long-term confidence. Analysis suggests this might translate into bullish momentum for the cryptocurrency. Despite a 14% drop since October 6th, Bitcoin holders have been quietly accumulating more coins, sending over 208,000 BTC off exchanges. This pattern resembles the 2022 bottom but in reverse. Could history be repeating itself? Some traders believe so, and the data seems to support their theory. 208,980 fewer BTC sit on exchanges compared to six months ago, indicating a decrease of about 1.08% circulating supply. This reflects confidence among Bitcoin holders, as it signals less pressure on prices even during the current correction. A calm market sentiment persists despite the price drop, with investors displaying a patient approach, waiting for stronger signals before acting. While short-term momentum remains weak with continued selling pressure and a weakening RSI indicator, long-term structure is looking bullish, offering potential for a rebound as holders see dips as opportunities rather than threats. Bitcoin’s correction might just be the beginning of another rally if this historical pattern plays out. The lack of panic selling and consistent withdrawals from exchanges reinforce this optimistic view.