Analysis: There have been at least three instances of a 20% decline in previous bull markets, and this pullback has not yet reached that level

ChainCatcher news, The Block CEO Larry Cermak pointed out in The Scoop podcast that there have been at least three instances of a 20% drop in previous crypto bull markets. He said, "Even the recent drop has not reached 20%. In historical bull markets, this usually happens once or twice, and sometimes even three times. It can clear out over-leveraged positions in the market and build momentum for the next rally." Larry Cermak added, "Clearing out over-leverage is beneficial. Of course, bull markets often end this way."