$BTC is now only 8% below its $124K all-time high.

In this cycle, the biggest correction was around 28%, while in past bull markets we often saw 50–60% pullbacks before the trend continued. This shows how Bitcoin’s volatility is steadily decreasing as the asset matures.

What’s different this time is that we haven’t yet seen the explosive “blow-off” rally that usually marks the cycle top. The current structure suggests there could still be more upside left before this cycle is over.