Bitcoin’s pullbacks inside bull markets have gotten smaller. This one is still among the smallest. the CryptoQuant chart measures drops during each up cycle, not the bear-market lows. In 2011 the dips reached about 50%. In 2013 one reached about 70%. The 2015–2017 cycle saw repeated drops of 30% to 40%. The 2018–2021 cycle went as deep as 60%. The 2022–2025 cycle mostly held inside 20% to 30%. the latest mark, in red at the right edge, is a shallow dip under the last high. Price is near $82,000, about 35% under the $126,000 peak from October 2025. That larger gap is the cycle drawdown. The chart in front of you is the smaller swings inside the advance, and those have been tighter each cycle. a smaller pullback is what the ETF and treasury bid would produce. It is also what a cycle looks like before a deeper drop. The 2021 cycle had several 20% dips before the 60% one. This chart does not say the deeper one is cancelled. the old bull-market dips ran 30% to 60%. The last cycle ran 20% to 30%. The current swing is still inside that band. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Macro Insights# $BTC $ETH