Given where BTC is positioned, I think it’s worth reposting my view on bull market retracements this cycle. Last cycle, the largest drawdown before the run to 126K was 22% based on a 77% bear market. With a 54% bear market drawdown this cycle, that points to a 10–15% retracement. We’re already down 10% from the highs, so we could be nearing the end of this pullback before the next leg higher. Do as you wish with this information.. I’ve been one of the few to catch this entire move up. Publicly.