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 X platform stating 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 during 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 adjustment” 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 version, the RISK ON/OFF module will be reconstructed, introducing an LLM layer to integrate global market indicators for environmental assessment, further enhancing cycle recognition capabilities. The current market remains in a phase of structural evolution, and it is necessary to continue observing whether multi-layer data signals show systemic deterioration or confirm a reversal. (Source: ODAILY)