Grayscale: Bitcoin Correction, Not Collapse

Bitcoin has experienced a recent downturn, dropping 32% since October and dipping to around $86,900 before stabilizing. This has led some investors to fear the end of a bull market. However, Grayscale argues this drop may be a typical mid-bull market correction rather than the start of a collapse. The firm points out that pullbacks of 25% or more are common in major bull markets and doesn’t necessarily signal the peak has been reached.