Analysis: There have been at least three 20% declines in previous bull markets, and this correction has not yet been touched
Online reports that Larry Cermak, CEO of The Block, pointed out on The Scoop podcast that there have been at least three 20% declines in previous crypto bull markets. He said: "Even the recent decline has not reached 20%. In historical bull markets, this usually happens once or twice, sometimes even three times. It can clear over-leveraged positions from the market and build strength for the next rally." Larry Cermak added: "Removing excessive leverage is beneficial. Of course, bull markets often end this way."
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
