Analyst: Bitcoin's current correction remains mild and has not yet entered the historic "capitulation-style decline" phase.

ME News Report, April 12 (UTC+8), Cryptocurrency analyst Axel Adler posted on the X platform that from a structural perspective, the current Bitcoin market correction remains significantly weaker than the bear market phases of the 2017–2018 and 2021–2022 cycles. Historical data shows that in similar cycle phases, Bitcoin’s maximum drawdowns reached approximately -54% in the 2021–2022 cycle, about -64% in the 2017–2018 cycle, and around -43% in the 2013–2015 cycle. In comparison, the current market decline is still within a relatively mild range, closer to a “normal correction” rather than a deep liquidation phase, but it is not yet sufficient to confirm that a market bottom has formed. Axel stated that future versions will continue to upgrade the model and data panels, and in the upcoming 1.6 release, will reconstruct the RISK ON/OFF module, introducing an LLM layer to integrate global market indicators for environmental assessment, further enhancing cycle recognition capabilities. The current market is still in a phase of structural evolution, and it is necessary to continue observing whether multi-layered data signals show systemic deterioration or confirm a reversal. (Source: ODAILY)