Crypto correction to 32% may indicate a bottom or the start of a bear market
The current correction in the cryptocurrency market has reached 32%, a level that could represent either a local bottom similar to 2021 or the precursor to a new bear cycle like in 2022, according to analytics firm CryptoQuant.
Experts emphasize that such a correction magnitude is a crucial indicator for investors as it might significantly affect the future trajectory of digital assets. However, the final assessment depends on ongoing market trends and broader macroeconomic factors.
In the near future, close monitoring of market dynamics is essential to determine whether this correction marks the beginning of a prolonged downturn or a temporary pullback before further growth.
