Bitcoin’s November Decline: A Familiar Pattern in Bull Markets

Grayscale research suggests that Bitcoin’s recent slump, which saw a decline of roughly 32% from its peak to trough, aligns with historical patterns seen during bull market cycles. This report indicates that the asset has followed a typical pattern of sharp price surges followed by corrections lasting around eight to twelve weeks, with past downturns averaging approximately 30%. Notably, this latest drop marks the ninth significant dip for Bitcoin in the current bull cycle, aligning closely with its long-term behavior. 580,000 BTC in exchange inflows since November 1 reflect increased trading activity amidst heightened price volatility.