Svmuu News According to a post by crypto analyst Axel Adler on the X platform, from a structural perspective, the current Bitcoin market correction is still significantly weaker than the bear market phases of the 2017–2018 and 2021–2022 cycles.
Historical data shows that at similar stages in previous cycles, Bitcoin's maximum drawdowns reached approximately -54% in the 2021–2022 cycle, -64% in the 2017–2018 cycle, and -43% in the 2013–2015 cycle. In comparison, the current market decline remains within a relatively mild range, more akin to a "normal adjustment" than a deep liquidation phase, but it is still insufficient to confirm that a market bottom has formed.
Axel stated that subsequent versions will continue to upgrade the model and data dashboard, and the upcoming version 1.6 will reconstruct the RISK ON/OFF module, introducing an LLM layer to comprehensively assess global market indicators for environmental judgment, further enhancing cycle identification capabilities. The current market is still in a phase of structural evolution, requiring continued observation of whether multi-layered data signals show systematic deterioration or confirm a reversal.