Bitcoin’s Current Pullback Remains Milder Than The Previous Major Correction – Here’s What To Know

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Well, well, well. After gracefully tumbling down from that lofty $100,000 perch last week, Bitcoin is now playing it cool between $95,000 and $95,100. Sure, it sounds like a lot, but let’s be honest – this dip is practically a gentle stroll in the park compared to what we’ve seen before. 🎢

Ongoing Bitcoin Pullback: Not as Dramatic as You Think

So, here’s the deal. Bitcoin’s been on a downward trajectory ever since it hit its all-time high of $126,000. But before you start losing your mind over the “plummeting” price, let’s zoom out for a second. On-chain data (that’s just fancy jargon for real market metrics) is telling us that this current correction, though noticeable, is nowhere near as catastrophic as some might think.

According to Darkfost – yes, that’s a name, apparently – a market expert and self-proclaimed Bitcoin whisperer, the ongoing correction has dipped by around 23% as of Sunday. The most panic-stricken traders might be losing sleep over this, but the numbers don’t lie. The current pullback is actually still a bit more mild compared to previous major drops. Imagine feeling bad about a 23% drop when the last big one was 28%. 🙄

Darkfost further highlights that such corrections are part of the Bitcoin cycle, so it’s pretty much just another day at the office. In fact, those who lived through the September 2024 and May 2025 corrections, which were 26% and 28% respectively, might even chuckle at this one. What’s a little 23% loss among friends, right?

Then, just to spice things up, Darkfost decided to peek into Bitcoin’s “supply in profit” – and oh boy, things get a little more dramatic here. The ongoing dip is hitting short-term holders the hardest. Naturally, these investors are starting to panic and move their BTC like it’s going out of style.

In fact, Bitcoin’s supply in profit has recently dropped to 68%, a level not seen since the days following the October 2023 bear market. Nothing like a good old-fashioned panic to bring back those “I told you so” moments, right? 🤦‍♂️ Darkfost advises watching this closely over the next few weeks. Don’t you just love when someone tells you to hold tight for a thrilling ride? 🚀

Short-Term Bitcoin Holders Are Losing Their Minds (Again)

And now, the real drama. Those short-term holders? They’re the ones making all the noise. Darkfost points out that the current panic move among them is the biggest since Bitcoin’s last all-time high of $126,000. If you ever wanted proof that panic is contagious, this is it.

Here’s where it gets juicy: thousands of BTC are flooding into centralized exchanges. Why? Well, they’re likely being sold off at a loss. Over the weekend, short-term holders moved more than 65,000 BTC to exchanges, and the mood was, let’s say, “less than optimistic.” 😬

This flood of Bitcoin to exchanges is a classic case of capitulation. It’s the “I’m out” move. These investors seem to have lost faith and are desperately trying to salvage what’s left. If this trend continues and the coins are sold off, we could be looking at billions of dollars evaporating into thin air. So, yes, brace yourselves – if that happens, expect Bitcoin’s price to drop even more. 💸

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2025-11-17 14:14