- Historical bull run drawdowns average 20-30%, with 2025’s 16% correction still mild compared to 2017’s 40% drop.
- On-chain metrics show whale accumulation accelerating, suggesting the dip is a buying opportunity rather than capitulation.
- Key resistance at $100K holds; a rebound above could target $130K, per multi-timeframe analysis.
Bitcoin’s relentless bull charge hit a speed bump on October 17, 2025, shedding 16% from its recent all-time high of $120,300 to hover around $101,000. What started as mild profit-taking has morphed into a full-blown correction, erasing $200 billion in market cap overnight. Amid the red, analyst JA Maartun drops an “Emergency Market Update” thread on X, arming traders with six pivotal charts to demystify the chaos and plot a path forward. As a veteran of multiple cycles, Maartun’s toolkit—spanning drawdown histories, RSI divergences, and funding rate extremes—reminds us: corrections are the bull market’s forge, not its funeral.
The crown jewel? A stark visualization of BTC bull correction drawdowns since 2013. It plots the gut-wrenching pullbacks: 2013’s 50% abyss, 2017’s 40% cliff, 2021’s 30% skid, and now 2025’s nascent 16% dent. At this stage, we’re barely knee-deep—historical averages clock in at 25-35% mid-cycle, with full bears reserved for cycle tops. Maartun’s data underscores resilience: post-2017’s bloodbath, BTC rallied 20x; 2021’s shakeout birthed the ETF era. Today’s dip, fueled by overleveraged longs (liquidations topped $1B yesterday) and macro murmurs of delayed rate cuts, feels eerily familiar—yet on-chain tea leaves brew optimism.
Delve deeper into Maartun’s arsenal: Chart two flags the weekly RSI at 55, neutral territory ripe for a bullish divergence if volume spikes. Funding rates, chart three, have flipped negative for the first time since July, flushing out shorts and priming squeezes. MVRV Z-Score (chart four) screams undervaluation at 2.1, well below the 7+ euphoria peaks that signal tops. Puell Multiple (five) and stock-to-flow deviation (six) align on scarcity narratives, with miners holding steady amid hash rate ATHs.
Contrarians scoff at panic: ETF inflows resumed at $300M today, whales scooped 10K+ BTC on-chain, and Google’s “Bitcoin” searches mirror 2021 recovery lows—not despair. Risks linger—a $95K breach could hunt $80K liquidity pools—but Maartun’s charts paint a tactical buy zone. In crypto’s octagon, 16% is a jab, not a knockout. Arm yourself with these visuals; the next leg up awaits the unflinching.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
